Starwood Hotels Rating Lowered to Neutral at MKM Partners (HOT)

By admin | 6 years ago

Starwood Hotels (NYSE: HOT) was downgraded by investment analysts at MKM Partners from a “buy” rating to a “neutral” rating in a note issued to investors on Monday.

Shares of Starwood Hotels traded up 1.55% during mid-day trading on Monday, hitting $49.21. Starwood Hotels has a 52 week low of $35.78 and a 52 week high of $60.81. The company has a market cap of $9.726 billion and a P/E ratio of 16.16.

Starwood Hotels last announced its earnings results on Thursday, April 26th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.51 by $0.12. Starwood Hotels’s revenue was up 32.4% compared to the same quarter last year. On average, analysts predict that Starwood Hotels will post $0.52 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at McNicoll Lewis & Vlak initiated coverage on shares of Starwood Hotels in a research note to investors on Wednesday, May 30th. They set a “hold” rating on the stock. Separately, analysts at MLV & Co initiated coverage on shares of Starwood Hotels in a research note to investors on Wednesday, May 30th. They set a “hold” rating and a $61.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Starwood Hotels in a research note to investors on Thursday, May 3rd. They now have a $64.00 price target on the stock.

Starwood Hotels & Resorts Worldwide, Inc. is a hotel and leisure company. The Company conducts its hotel and leisure business both directly and through its subsidiaries.

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