La Quinta Holdings Inc. (LQ) Receives $16.08 Consensus Target Price from Analysts

Shares of La Quinta Holdings Inc. (NYSE:LQ) have earned an average recommendation of “Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $16.36.

Several research firms recently commented on LQ. TheStreet lowered La Quinta Holdings from a “b” rating to a “c+” rating in a report on Thursday. Zacks Investment Research lowered La Quinta Holdings from a “buy” rating to a “hold” rating in a report on Friday. UBS AG raised La Quinta Holdings from a “hold” rating to a “buy” rating in a report on Thursday. Wells Fargo & Company raised La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Friday, October 6th. Finally, BidaskClub raised La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 5th.

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its holdings in shares of La Quinta Holdings by 1.9% during the first quarter. Bank of America Corp DE now owns 22,770 shares of the company’s stock worth $308,000 after purchasing an additional 433 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of La Quinta Holdings by 4.5% during the second quarter. BNP Paribas Arbitrage SA now owns 270,915 shares of the company’s stock worth $4,001,000 after buying an additional 11,560 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of La Quinta Holdings by 6.1% during the first quarter. Bank of New York Mellon Corp now owns 405,802 shares of the company’s stock worth $5,485,000 after buying an additional 23,456 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in shares of La Quinta Holdings during the second quarter worth about $153,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of La Quinta Holdings by 5.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 507,218 shares of the company’s stock worth $7,492,000 after buying an additional 27,651 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

Shares of La Quinta Holdings (LQ) traded up $0.03 during midday trading on Wednesday, hitting $17.03. 155,555 shares of the stock traded hands, compared to its average volume of 1,977,743. The stock has a market cap of $1,996.73, a PE ratio of 47.22, a PEG ratio of 13.14 and a beta of 1.87. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.40 and a quick ratio of 1.40. La Quinta Holdings has a one year low of $9.95 and a one year high of $18.53.

La Quinta Holdings (NYSE:LQ) last posted its earnings results on Wednesday, November 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The business had revenue of $268.60 million during the quarter, compared to analysts’ expectations of $272.52 million. La Quinta Holdings had a net margin of 3.11% and a return on equity of 6.23%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.19 EPS. sell-side analysts forecast that La Quinta Holdings will post 0.35 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://sportsperspectives.com/2017/11/06/la-quinta-holdings-inc-lq-receives-16-08-consensus-target-price-from-analysts.html.

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.

Analyst Recommendations for La Quinta Holdings (NYSE:LQ)

Receive News & Ratings for La Quinta Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for La Quinta Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply