Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) shares saw strong trading volume on Tuesday . 1,415,746 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 1,303,393 shares.The stock last traded at $77.79 and had previously closed at $76.90.

A number of equities analysts have recently issued reports on HOT shares. Canaccord Genuity lifted their target price on Starwood Hotels & Resorts Worldwide from $76.00 to $88.00 and gave the company a “buy” rating in a research note on Sunday, March 20th. Nomura Holdings Inc. reissued a “hold” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Saturday, March 19th. Wells Fargo & Co. reissued a “hold” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Tuesday, May 3rd. Macquarie lowered Starwood Hotels & Resorts Worldwide from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 3rd. Finally, Zacks Investment Research upgraded Starwood Hotels & Resorts Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $78.83.

The firm has a market cap of $13.19 billion and a PE ratio of 27.46. The firm has a 50-day moving average price of $74.18 and a 200 day moving average price of $72.73.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.12. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.34 billion. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 earnings per share. On average, analysts forecast that Starwood Hotels & Resorts Worldwide Inc. will post $3.03 EPS for the current year.

Several institutional investors recently added to or reduced their stakes in the company. Advantus Capital Management Inc boosted its position in Starwood Hotels & Resorts Worldwide by 2.4% in the fourth quarter. Advantus Capital Management Inc now owns 16,186 shares of the company’s stock worth $1,121,000 after buying an additional 372 shares during the period. BHF Kleinwort Benson Group S.A. boosted its position in Starwood Hotels & Resorts Worldwide by 147.0% in the fourth quarter. BHF Kleinwort Benson Group S.A. now owns 16,550 shares of the company’s stock worth $1,147,000 after buying an additional 9,850 shares during the period. Korea Investment CORP boosted its position in Starwood Hotels & Resorts Worldwide by 0.6% in the fourth quarter. Korea Investment CORP now owns 17,100 shares of the company’s stock worth $1,184,000 after buying an additional 100 shares during the period. GAM Holding AG boosted its position in Starwood Hotels & Resorts Worldwide by 16.1% in the fourth quarter. GAM Holding AG now owns 21,797 shares of the company’s stock worth $1,510,000 after buying an additional 3,027 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in Starwood Hotels & Resorts Worldwide by 5.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 22,598 shares of the company’s stock worth $1,566,000 after buying an additional 1,269 shares during the period.

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 manages and operates its hotel business in three hotel segments: the Americas; Europe, Africa and the Middle East (EAME), and Asia Pacific.

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