Analyst Price Target Update on Starwood Hotels & Resorts Worldwide (NYSE:HOT)

Starwood Hotels & Resorts Worldwide (NYSE:HOT): 15 Analyst have given the stock of Starwood Hotels & Resorts Worldwide (NYSE:HOT) a near short term price target of $81.2. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $7.02. The higher price target estimate is at $93 while the lower price estimates are fixed at $70.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Canaccord Genuity downgrades its outlook on Starwood Hotels & Resorts Worldwide (NYSE:HOT). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on May 4, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The officer (EVP & CIO) of Starwood Hotel & Resorts Worldwide, Inc, Poulter Martha sold 2,481 shares at $70.61 on March 7, 2016. The Insider selling transaction had a total value worth of $175,183. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.47 points or 0.64% at $73.42 with 1,118,884 shares getting traded. Post opening the session at $73.75, the shares hit an intraday low of $73.42 and an intraday high of $74.3 and the price was in this range throughout the day. The company has a market cap of $12,447 million and the number of outstanding shares have been calculated to be 169,537,650 shares. The 52-week high of Starwood Hotels & Resorts Worldwide (NYSE:HOT) is $86.96 and the 52-week low is $56.87.

Starwood Hotels & Resorts Worldwide, Inc. is a hotel and leisure company. The Companys hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale segments of the lodging industry. The Company owns Starwood Vacation Ownership, Inc., a provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands. It manages and operates its hotel business in three hotel segments: the Americas, Europe, Africa and the Middle East (EAME), and Asia Pacific. Its vacation ownership and residential business is a separate segment. As of December 31, 2014, the Companys hotel business included 1,207 owned, managed or franchised hotels with approximately 346,600 rooms, comprising 36 hotels that it owns or leases or in which the Company has a majority equity interest, 583 hotels managed by the Company on behalf of third-party owners and 588 hotels for which it receives franchise fees.

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