La Quinta Holdings Inc. (NYSE:LQ) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
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. “
A number of other analysts also recently weighed in on LQ. BidaskClub downgraded shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. TheStreet raised shares of La Quinta Holdings from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. Wells Fargo & Company raised shares of La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Friday, October 6th. Finally, UBS Group AG (USA) raised shares of La Quinta Holdings from a “hold” rating to a “buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. La Quinta Holdings presently has a consensus rating of “Hold” and an average target price of $16.08.
La Quinta Holdings (NYSE:LQ) traded down $0.74 during trading hours on Friday, hitting $17.00. 2,586,223 shares of the stock were exchanged, compared to its average volume of 2,099,712. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $2.00 billion, a PE ratio of 47.25, a P/E/G ratio of 6.35 and a beta of 1.87.
La Quinta Holdings (NYSE:LQ) last released its earnings results on Wednesday, November 1st. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ 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 return on equity of 6.31% and a net margin of 3.11%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 earnings per share. analysts predict that La Quinta Holdings will post 0.39 earnings per share for the current fiscal year.
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Institutional investors have recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC bought a new position in La Quinta Holdings during the 2nd quarter valued at about $153,000. Sterling Capital Management LLC bought a new position in La Quinta Holdings during the 2nd quarter valued at about $159,000. Institute for Wealth Management LLC. bought a new position in La Quinta Holdings during the 2nd quarter valued at about $175,000. Oppenheimer Asset Management Inc. bought a new position in La Quinta Holdings during the 1st quarter valued at about $176,000. Finally, Wolverine Trading LLC bought a new position in La Quinta Holdings during the 2nd quarter valued at about $208,000. Institutional investors own 97.51% of the company’s stock.
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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