News coverage about La Quinta Holdings (NYSE:LQ) has trended positive on Wednesday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. La Quinta Holdings earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.6117308036075 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- La Quinta Holdings Inc. (LQ) Regains Attentions on Diverse News- Taseko Mines Limited (TGB) – Investing News Update (investingbizz.com)
- RSI 70.20 Alerts: La Quinta Holdings Inc. (LQ) stock to sell – Voice Of Analysts (analystsbuzz.com)
- Morgans Hotel Group (MHGC) and La Quinta Holdings (LQ) Financial Analysis (americanbankingnews.com)
- La Quinta Holdings Inc. (LQ) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- La Quinta Holdings Inc. (LQ) P/E ratio is noted at 48.98 – Street Observer (press release) (streetobserver.com)
Shares of La Quinta Holdings (LQ) traded up 1.11% on Wednesday, hitting $18.24. The stock had a trading volume of 116,822 shares. The company has a market cap of $2.14 billion, a PE ratio of 52.11 and a beta of 1.88. The stock’s 50-day moving average price is $16.56 and its 200 day moving average price is $14.92. La Quinta Holdings has a 52 week low of $9.73 and a 52 week high of $18.28.
La Quinta Holdings (NYSE:LQ) last issued its earnings results on Monday, August 7th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. La Quinta Holdings had a return on equity of 7.28% and a net margin of 4.13%. The company had revenue of $263.40 million during the quarter, compared to the consensus estimate of $260.44 million. During the same period in the previous year, the company posted $0.21 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, analysts predict that La Quinta Holdings will post $0.40 EPS for the current year.
A number of brokerages have recently commented on LQ. TheStreet upgraded La Quinta Holdings from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Morgan Stanley upgraded La Quinta Holdings from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $14.50 to $16.00 in a report on Thursday, June 15th. They noted that the move was a valuation call. Zacks Investment Research upgraded La Quinta Holdings from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, July 5th. BidaskClub upgraded La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Wells Fargo & Company upgraded La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. La Quinta Holdings currently has a consensus rating of “Buy” and an average target price of $16.08.
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La Quinta Holdings Company Profile
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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