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Starwood Hotels & Resorts Worldwide (NYSE:HOT) has been given a consensus rating of “Buy” by the twenty brokerages that are currently covering the company, American Banking News reports. Five research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $86.82.

Several analysts have recently commented on the stock. Analysts at Barclays upgraded shares of Starwood Hotels & Resorts Worldwide from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 15th. They now have a $89.00 price target on the stock, up previously from $84.00. Separately, 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. Finally, 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.

Shares of Starwood Hotels & Resorts Worldwide (NYSE:HOT) opened at 84.09 on Tuesday. Starwood Hotels & Resorts Worldwide has a 52 week low of $62.40 and a 52 week high of $84.87. The stock has a 50-day moving average of $81.65 and a 200-day moving average of $79.56. The company has a market cap of $16.021 billion and a P/E ratio of 28.08.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last posted its quarterly 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 $2.84 earnings per share for the current fiscal year.

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

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

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