Berenberg Bank Initiates Coverage on Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT). What May be Next?


Why Has Berenberg Bank Given Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) a $91.00 Price Target

Analysts at Berenberg Bank have started coverage on shares of Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) in a recent research report finalized on Tuesday, 8 December. The investment house set Buy rating on the $11.97 billion market cap company.

From a total of 19 analysts covering Starwood Hotels (NYSE:HOT) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 12 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $93 while the lowest target price is $73. The mean of all analyst targets is $83.89 with a 21.79% above today’s ($69.38) stock price. Starwood Hotels was the topic of 24 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on December 4 with “Buy” rating. RBC Capital Markets maintained shares with “Sector Perform” rating and $87.0 target share price in a report from a November 2. Susquehanna maintained HOT stock in a recent report from November 30 with “Positive” rating. Deutsche Bank maintained the rating on October 29. Deutsche Bank has a “Buy” rating and a $88 price target on shares. Finally, Credit Agricole downgraded the stock to “Outperform” rating in a report issued on a November 17.

The stock decreased 1.54% or $1.08 during the last trading session, striking $69.38. Approximately shares of stock traded hands. Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) has declined 18.76% since May 5, 2015 and is downtrending. It has underperformed by 18.17% the S&P500.

The overall sentiment of institutions has decreased to 0.81 in Q2 2015. Its down 0.12, from 0.93 in 2015Q2. The ratio dropped, as 74 institutions have sold all the shares of Starwood Hotels & Resorts Worldwide Inc that they owned while 178 funds have taken shares off the table. 61 funds have purchased shares for the first time while 142 added to their positions. These institutions now hold 140.48 million shares or 6.73% less than the 150.61 million shares they owned in 2015Q2.

The Fund Long Pond Capital Lp currently is holding shares equating to 5.01% of its total portfolio in Starwood Hotels & Resorts Worldwide Inc representing a total of 1.74 million shares. Another fund,Para Advisors Llc, is holding a total of 25,000 shares equating to 4.46% of their holdings. Additionally, Grs Advisors Llc has a 564,307 share stake in Starwood Hotels & Resorts Worldwide Inc which represents 4.43% of their total portfolio. The Fund, Sorin Capital Management Llc, based out of Connecticut, has also built up a stake in the stock, which represents a total of 3.43% of their total portfolio. Finally Starwood Real Estate Securities Llc, a fund which is based in the state of Connecticut reported a total holdings of 93,694 shares.

Starwood Hotels & Resorts Worldwide, Inc. is a hotel and leisure company. The company has a market cap of $11.97 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 21.08 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.

According to Zacks Investment Research, “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.” Get a free copy of the Zacks research report on Starwood Hotels & Resorts Worldwide Inc (HOT).