Zacks Investment Research upgraded shares of La Quinta Holdings Inc. (NYSE:LQ) from a hold rating to a buy rating in a report released on Wednesday morning. Zacks Investment Research currently has $17.00 price objective on the stock.
According to Zacks, “La Quinta Holdings Inc. is an owner, operator and franchisor of select-service hotels in the United States, primarily serving the midscale and upper-midscale segments. It provides franchise services to hotels in the U.S., Canada and Mexico under the La Quinta Inns & Suites (TM) and La Quinta Inn (TM) brands. La Quinta Holdings Inc. is headquartered in Irving, Texas. “
Separately, Morgan Stanley raised shares of La Quinta Holdings from an equal weight rating to an overweight rating and boosted their target price for the stock from $14.50 to $16.00 in a research note on Thursday, June 15th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. La Quinta Holdings presently has a consensus rating of Hold and a consensus price target of $13.68.
La Quinta Holdings (NYSE LQ) traded down 1.16% on Wednesday, hitting $14.49. 246,549 shares of the stock traded hands. La Quinta Holdings has a 12-month low of $9.73 and a 12-month high of $15.39. The stock has a market cap of $1.70 billion, a P/E ratio of 44.04 and a beta of 1.87. The stock has a 50-day moving average price of $14.39 and a 200 day moving average price of $14.04.
La Quinta Holdings (NYSE:LQ) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.02. La Quinta Holdings had a net margin of 3.91% and a return on equity of 8.04%. The firm had revenue of $234.27 million for the quarter, compared to the consensus estimate of $232.20 million. On average, equities analysts expect that La Quinta Holdings will post $0.39 EPS for the current fiscal year.
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Several large investors have recently bought and sold shares of the company. Algert Global LLC acquired a new stake in La Quinta Holdings during the first quarter worth $735,000. Teachers Advisors LLC increased its stake in La Quinta Holdings by 33.7% in the fourth quarter. Teachers Advisors LLC now owns 182,193 shares of the company’s stock worth $2,589,000 after buying an additional 45,886 shares during the period. Norges Bank acquired a new stake in La Quinta Holdings during the fourth quarter worth $21,660,000. WFG Advisors LP increased its stake in La Quinta Holdings by 340,300.0% in the fourth quarter. WFG Advisors LP now owns 3,404 shares of the company’s stock worth $138,000 after buying an additional 3,403 shares during the period. Finally, United Capital Financial Advisers LLC acquired a new stake in La Quinta Holdings during the fourth quarter worth $193,000. 98.68% of the stock is owned by institutional investors and hedge funds.
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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