La Quinta Holdings Inc. (NYSE:LQ) has been assigned a consensus rating of “Hold” from the nine analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $15.29.
LQ has been the topic of several analyst reports. Zacks Investment Research downgraded La Quinta Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 21st. Wells Fargo & Company upgraded La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Friday. BidaskClub downgraded La Quinta Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Morgan Stanley upgraded La Quinta Holdings from an “equal weight” rating to an “overweight” rating and lifted their price objective 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. Finally, TheStreet upgraded La Quinta Holdings from a “c” rating to a “b” rating in a report on Tuesday, August 8th.
Shares of La Quinta Holdings (NYSE LQ) traded up 3.07% during midday trading on Friday, hitting $17.78. The stock had a trading volume of 5,026,886 shares. La Quinta Holdings has a 1-year low of $9.73 and a 1-year high of $18.00. The firm’s 50-day moving average price is $16.41 and its 200-day moving average price is $14.83. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 50.23 and a beta of 1.88.
La Quinta Holdings (NYSE:LQ) last released its quarterly earnings data 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. The firm had revenue of $263.40 million for the quarter, compared to the consensus estimate of $260.44 million. La Quinta Holdings had a return on equity of 7.28% and a net margin of 4.13%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. Analysts forecast that La Quinta Holdings will post $0.40 earnings per share for the current year.
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A number of large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in La Quinta Holdings by 3.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,917,905 shares of the company’s stock valued at $116,948,000 after purchasing an additional 241,482 shares during the period. Vanguard Group Inc. increased its holdings in La Quinta Holdings by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,658,222 shares of the company’s stock valued at $98,342,000 after purchasing an additional 131,315 shares during the period. Dimensional Fund Advisors LP increased its holdings in La Quinta Holdings by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,559,141 shares of the company’s stock valued at $52,569,000 after purchasing an additional 83,790 shares during the period. First Eagle Investment Management LLC increased its holdings in La Quinta Holdings by 68.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 3,092,505 shares of the company’s stock valued at $45,676,000 after purchasing an additional 1,258,565 shares during the period. Finally, Citadel Advisors LLC increased its holdings in La Quinta Holdings by 12.8% during the 1st quarter. Citadel Advisors LLC now owns 3,087,851 shares of the company’s stock valued at $41,748,000 after purchasing an additional 349,367 shares during the period. Institutional investors own 97.02% of the company’s stock.
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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