Starwood Hotels & Resorts Worldwide (HOT) : 19 analysts are covering Starwood Hotels & Resorts Worldwide (HOT) and their average rating on the stock is 3.05, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 16 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Starwood Hotels & Resorts Worldwide (HOT) : The consensus price target for Starwood Hotels & Resorts Worldwide (HOT) is $81.2 for the short term with a standard deviation of $7.02. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $93, however, the pessimist price target for the company is $70.
Starwood Hotels & Resorts Worldwide (NYSE:HOT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $74.22 and $73.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.14, notching a gain of 0.78% for the day. The total traded volume was 1,288,426 . The stock had closed at $74.56 on the previous day.
Also, Canaccord Genuity downgrades its view on Starwood Hotels & Resorts Worldwide (NYSE:HOT) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on May 4, 2016. The company shares have dropped -7.47% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $86.96 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $73.69 and the 200 Day Moving Average price is recorded at $72.48.
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.