Analyst Rating Update on Starwood Hotels & Resorts Worldwide (HOT)

Starwood Hotels & Resorts Worldwide (NYSE:HOT) : The consensus on Starwood Hotels & Resorts Worldwide (NYSE:HOT) based on 19 analyst recommendation on the company stock is 3.05, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 16 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Starwood Hotels & Resorts Worldwide (NYSE:HOT).

Starwood Hotels & Resorts Worldwide (NYSE:HOT) : The highest short term price target forecast on Starwood Hotels & Resorts Worldwide (NYSE:HOT) is $93 and the lowest target price is $70. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $81.2 with a standard deviation of $7.02.

Company shares have received an average consensus rating of Hold for the current week Also, Canaccord Genuity downgrades its rating on Starwood Hotels & Resorts Worldwide (NYSE:HOT). Analysts at the Canaccord Genuity have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 4, 2016.

Starwood Hotels & Resorts Worldwide (NYSE:HOT): stock turned positive on Tuesday. Though the stock opened at $70.43, the bulls momentum made the stock top out at $70.91 level for the day. The stock recorded a low of $70.06 and closed the trading day at $70.85, in the green by 1.74%. The total traded volume for the day was 1,936,383. The stock had closed at $69.64 in the previous days trading.

In an insider trading activity, The officer (EVP & CIO), of Starwood Hotel & Resorts Worldwide, Inc, Poulter Martha had unloaded 2,481 shares at $70.61 per share in a transaction on March 7, 2016. The total value of transaction was $175,183. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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