Starwood Hotels & Resorts Worldwide Inc. (HOT) Lowered to “Hold” at TheStreet

Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) was downgraded by equities research analysts at TheStreet from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Other hedge funds recently bought and sold shares of the company. Canandaigua National Bank & Trust Co. bought a new stake in Starwood Hotels & Resorts Worldwide during the first quarter worth $234,000. Eqis Capital Management Inc. purchased a new position in shares of Starwood Hotels & Resorts Worldwide during the second quarter worth approximately $264,000. Creative Planning increased its position in shares of Starwood Hotels & Resorts Worldwide by 18.5% in the second quarter. Creative Planning now owns 3,719 shares of the company’s stock worth $275,000 after buying an additional 580 shares during the last quarter. Sphinx Trading LP purchased a new position in shares of Starwood Hotels & Resorts Worldwide during the second quarter worth approximately $276,000. Finally, Mn Services Vermogensbeheer B.V. purchased a new position in shares of Starwood Hotels & Resorts Worldwide during the first quarter worth approximately $309,000.

Shares of Starwood Hotels & Resorts Worldwide (NYSE:HOT) traded down 1.37% during midday trading on Tuesday, reaching $77.01. The company’s stock had a trading volume of 1,333,647 shares. The stock’s 50 day moving average price is $75.17 and its 200 day moving average price is $73.42. Starwood Hotels & Resorts Worldwide has a one year low of $56.87 and a one year high of $86.96. The firm has a market cap of $13.06 billion and a price-to-earnings ratio of 27.18.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last posted its earnings results on Tuesday, July 26th. The company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.03. The firm earned $1.33 billion during the quarter, compared to analysts’ expectations of $1.34 billion. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. Analysts predict that Starwood Hotels & Resorts Worldwide will post $2.98 earnings per share for the current year.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird dropped their target price on Starwood Hotels & Resorts Worldwide from $82.00 to $81.00 in a research report on Monday, April 4th. Vetr upgraded Starwood Hotels & Resorts Worldwide from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Wednesday, May 11th. Canaccord Genuity reiterated a “buy” rating on shares of Starwood Hotels & Resorts Worldwide in a report on Saturday, April 2nd. Wells Fargo & Co. reiterated a “hold” rating on shares of Starwood Hotels & Resorts Worldwide in a report on Tuesday, May 3rd. Finally, Jefferies Group reiterated a “hold” rating on shares of Starwood Hotels & Resorts Worldwide in a report on Tuesday, April 26th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have assigned a buy rating to the stock. Starwood Hotels & Resorts Worldwide has a consensus rating of “Hold” and an average target price of $78.83.

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.