Starwood Hotels & Resorts Worldwide (HOT) Receives Price Target

Starwood Hotels & Resorts Worldwide (HOT) : The most positive equity analysts on Starwood Hotels & Resorts Worldwide (HOT) expects the shares to touch $93, whereas, the least positive believes that the stock will trade at $70 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $81.25 with an expected fluctuation of $7.06 from the mean.

Starwood Hotels & Resorts Worldwide (HOT) has an average broker rating of 3.06, which is interpreted as a Hold, as rated by 16 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 13 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.


Also, Citigroup maintains its rating on Starwood Hotels & Resorts Worldwide (NYSE:HOT). The global brokerage major lowers the current price target from $83.3 per share to $78 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on August 1, 2016.

Starwood Hotels & Resorts Worldwide (NYSE:HOT): The stock opened at $77.29 on Thursday but the bulls could not build on the opening and the stock topped out at $77.88 for the day. The stock traded down to $77.02 during the day, due to lack of any buying support eventually closed down at $77.40 with a loss of -0.08% for the day. The stock had closed at $77.46 on the previous day. The total traded volume was 1,239,556 shares.

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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