Share on StockTwits

Starwood Hotels & Resorts Worldwide (NYSE:HOT) was upgraded by research analysts at MLV & Co
from a “hold” rating to a “buy” rating in a report released on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $96.00 price target on the stock, up from their previous price target of $86.00. MLV & Co
‘s price objective suggests a potential upside of 13.82% from the company’s current price.

The analysts wrote, “hold” to “buy.”

In other Starwood Hotels & Resorts Worldwide news, CEO Paasschen Frits D. Van unloaded 51,435 shares of Starwood Hotels & Resorts Worldwide stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $82.00, for a total value of $4,217,670.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of other analysts have also recently weighed in on HOT. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Wednesday. They now have a $90.00 price target on the stock, up previously from $85.00. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Wednesday, June 18th. They now have a $87.00 price target on the stock, up previously from $85.00. Finally, analysts at Zacks upgraded shares of Starwood Hotels & Resorts Worldwide from an “underperform” rating to a “neutral” rating in a research note on Monday, June 9th. They now have a $85.00 price target on the stock. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $85.53.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) traded up 0.21% on Thursday, hitting $84.34. 2,740,406 shares of the company’s stock traded hands. Starwood Hotels & Resorts Worldwide has a 52 week low of $62.40 and a 52 week high of $84.24. The stock has a 50-day moving average of $80.30 and a 200-day moving average of $78.63. The company has a market cap of $16.193 billion and a P/E ratio of 28.97.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last announced its earnings results on Thursday, April 24th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.07. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts expect that Starwood Hotels & Resorts Worldwide will post $2.83 EPS for the current fiscal year.

Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) is a hotel and leisure company.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.