Starwood Hotels & Resorts Worldwide (NYSE:HOT) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 3.05 by 19 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 16 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, Canaccord Genuity downgrades its rating on Starwood Hotels & Resorts Worldwide (NYSE:HOT).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 4, 2016.
Starwood Hotels & Resorts Worldwide (NYSE:HOT) should head towards $81.2 per share according to 15 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $70 per share. The higher price estimate target is at $93 according to the Analysts.
Starwood Hotels & Resorts Worldwide (NYSE:HOT) witnessed a decline in the market cap on Tuesday as its shares dropped 0.17% or 0.13 points. After the session commenced at $75.02, the stock reached the higher end at $75.02 while it hit a low of $74.43. With the volume soaring to 922,275 shares, the last trade was called at $74.88. The company has a 52-week high of $86.96. The company has a market cap of $12,695 million and there are 169,537,650 shares in outstanding. The 52-week low of the share price is $56.87.
Shares of Starwood Hotels & Resorts Worldwide Inc. rose by 2.6% in the last five trading days and 3.03% for the last 4 weeks. Starwood Hotels & Resorts Worldwide Inc. has dropped 10.23% during the last 3-month period . Year-to-Date the stock performance stands at 9.22%.
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.