News stories about La Quinta (NYSE:LQ) have trended somewhat positive on Saturday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. La Quinta earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.2536994542659 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Concerning Whether the Sale of La Quinta Holdings Inc. to Wyndham Worldwide Corporation is Fair to Shareholders (finance.yahoo.com)
- La Quinta Holdings Announces Record Date and Special Meeting of Stockholders Related to its Proposed Acquisition by Wyndham Worldwide (finance.yahoo.com)
- La Quinta Holdings Inc (LQ) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- La Quinta Holdings Inc (LQ) Stake Raised by Schwab Charles Investment Management Inc. (americanbankingnews.com)
- Citadel Advisors LLC Has $1.14 Million Position in La Quinta Holdings Inc (LQ) (americanbankingnews.com)
Several brokerages recently commented on LQ. Wells Fargo & Co lowered shares of La Quinta from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Goldman Sachs Group raised shares of La Quinta from a “sell” rating to a “neutral” rating in a research report on Friday, January 19th. Deutsche Bank upped their price target on shares of La Quinta to $23.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Stifel Nicolaus reaffirmed a “hold” rating on shares of La Quinta in a research report on Thursday, February 1st. Finally, Morgan Stanley set a $23.00 price target on shares of La Quinta and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $21.00.
La Quinta (NYSE:LQ) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). La Quinta had a return on equity of 4.85% and a net margin of 15.50%. The company had revenue of $214.30 million for the quarter, compared to analyst estimates of $222.41 million. During the same period last year, the company posted $0.01 EPS. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. equities research analysts expect that La Quinta will post 0.4 EPS for the current fiscal year.
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La Quinta 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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