La Quinta Holdings (LQ) Given Daily News Impact Rating of 0.19

News stories about La Quinta Holdings (NYSE:LQ) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. La Quinta Holdings earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.6615661592698 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

LQ has been the topic of a number of research analyst reports. Morgan Stanley upgraded shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $14.50 to $16.00 in a research note on Thursday, June 15th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of La Quinta Holdings from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Wednesday, July 5th. BidaskClub lowered shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, TheStreet upgraded shares of La Quinta Holdings from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $13.41.

La Quinta Holdings (NYSE LQ) opened at 16.03 on Monday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 45.28 and a beta of 1.85. La Quinta Holdings has a 52-week low of $9.73 and a 52-week high of $16.36. The firm has a 50-day moving average of $15.31 and a 200 day moving average of $14.35.

La Quinta Holdings (NYSE:LQ) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. La Quinta Holdings had a net margin of 4.13% and a return on equity of 7.28%. The business had revenue of $263.40 million for the quarter, compared to analyst estimates of $260.44 million. During the same period in the prior year, the business posted $0.21 earnings per share. La Quinta Holdings’s revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts forecast that La Quinta Holdings will post $0.39 earnings per share for the current year.

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About La Quinta Holdings

La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale sectors under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment is engaged in the operation of owned hotel properties.

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