Starwood Hotels (NYSE:HOT) Rating Restated
In an analyst note revealed to investors and clients on 29 October, Starwood Hotels (NYSE:HOT) stock had its Buy Rating reiterated by research professionals at Deutsche Bank. They currently have a $88 target on company. Deutsche Bank’s target suggests a potential upside of 11.56% from the company’s current price.
Out of 9 analysts covering Starwood Hotels (NYSE:HOT), 7 rate it “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. $93 is the highest target while $73 is the lowest. The $84.82 average target is 7.60% above today’s ($78.83) stock price. Starwood Hotels was the topic in 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock on October 29 with “Buy” rating. Barclays Capital downgraded the shares of HOT in a report on August 12 to “Overweight” rating.
About 5.16 million shares traded hands or 89.01% up from the average. Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) has declined 6.23% since March 26, 2015 and is downtrending. It has underperformed by 7.89% the S&P500.
The institutional sentiment increased to 0.93 in Q2 2015. Its up 0.23, from 0.7 in 2015Q1. The ratio increased, as 67 funds sold all Starwood Hotels & Resorts Worldwide Inc shares owned while 174 reduced positions. 68 funds bought stakes while 157 increased positions. They now own 150.61 million shares or 0.67% more from 149.62 million shares in 2015Q1.
Sorin Capital Management Llc holds 12.05% of its portfolio in Starwood Hotels & Resorts Worldwide Inc for 218,000 shares. Grs Advisors Llc owns 662,307 shares or 5.63% of their US portfolio. Moreover, Long Pond Capital Lp has 5.41% invested in the company for 1.82 million shares. The New York-based Freshford Capital Management Llc has invested 3.46% in the stock. Schonfeld Group Holdings Llc, a New York-based fund reported 43,300 shares.
Since March 26, 2015, the stock had 0 buys, and 1 sale for $559,171 net activity. Siegel Kenneth S sold 6,656 shares worth $559,171. Cava Jeffrey M sold 3,000 shares worth $262,650. Turner Simon sold 122 shares worth $10,401.
Starwood Hotels & Resorts Worldwide, Inc. is a hotel and leisure company. The company has a market cap of $13.55 billion. The Company’s hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale divisions of the lodging industry. It has 23.5 P/E ratio. The Firm owns Starwood Vacation Ownership, Inc., a well-known provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands.
Starwood Hotels & Resorts Worldwide, Inc. is one of the world’s largest hotel operating companies. The company conducts their hotel business both directly and through the subsidiaries, including ITT Sheraton Corporation, Starwood Hotels & Resorts and CIGA S.p.A. The brand names include Sheraton, Westin, St. Regis/Luxury Collection, W and Four Points. Through these brands, the company is represented in most major markets of the world.
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