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Starwood Hotels & Resorts Worldwide (NYSE:HOT) was upgraded by research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report released on Friday. The firm currently has a $89.00 price target on the stock, up from their previous price target of $84.00. Barclays’ target price suggests a potential upside of 8.39% from the company’s current price.

A number of other firms have also recently commented on HOT. Analysts at Zacks reiterated a “neutral” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Monday, July 28th. They now have a $83.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Starwood Hotels & Resorts Worldwide from $84.00 to $87.00 in a research note on Monday, July 28th. They now have an “outperform” rating on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Friday, July 25th. They now have a $96.00 price target on the stock, up previously from $95.00. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $86.82.

Shares of Starwood Hotels & Resorts Worldwide (NYSE:HOT) traded up 0.78% during mid-day trading on Friday, hitting $82.75. 1,735,155 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 $84.87. The stock’s 50-day moving average is $81.19 and its 200-day moving average is $79.04. The company has a market cap of $15.766 billion and a P/E ratio of 27.42.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last announced its earnings results on Thursday, July 24th. The company reported $0.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.76 by $0.01. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $0.79 earnings per share. Starwood Hotels & Resorts Worldwide’s revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that Starwood Hotels & Resorts Worldwide will post $2.83 earnings per share for the current fiscal year.

The company also recently declared a special dividend, which is scheduled for Friday, September 26th. Investors of record on Friday, September 5th will be given a dividend of $0.65 per share. This represents a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, September 3rd.

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

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