Citigroup Maintains Starwood Hotels & Resorts Worldwide Inc to Neutral with Price Target $78.00

Brokerage firm Citigroup Maintains its rating on Starwood Hotels & Resorts Worldwide Inc(NYSE:HOT). In a research note issued to the investors, the brokerage major Lowers the price-target to $78.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Aug 1, 2016.

In a different note, On May 4, 2016, Canaccord Genuity said it Downgrades its rating on Starwood Hotels & Resorts Worldwide Inc. The shares have been rated ‘Hold’ by the firm.

Starwood Hotels & Resorts Worldwide Inc (HOT) shares turned negative on Mondays trading session with the shares closing down -0.62 points or -0.79% at a volume of 34,09,432. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $79.08. The peak price level was also seen at $79.08 while the days lowest was $78.24. Finally the shares closed at $78.29. The 52-week high of the shares is $84.37 while the 52-week low is $56.87. According to the latest information available, the market cap of the company is $13,274 M.

Starwood Hotels & Resorts Worldwide Inc(HOT) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.25B. Analysts had an estimated revenue of $1.34B. Earnings per share were $0.71. Analysts had estimated an EPS of $0.74.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2016, Martha Poulter (EVP & CIO) sold 2,481 shares at $70.61 per share price.Also, On Feb 26, 2016, Thomas E Clarke (director) sold 2,852 shares at $65.96 per share price.On Feb 26, 2016, Charlene Barshefsky (director) sold 2,286 shares at $65.97 per share price, according to the Form-4 filing with the securities and exchange commission.

Starwood Hotels & Resorts Worldwide Inc. is a hotel and leisure company. The Company’s 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 Company’s hotel business included 1207 owned managed or franchised hotels with approximately 346600 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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