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

Shares of La Quinta Holdings Inc. (NYSE:LQ) have been assigned an average rating of “Buy” from the nine analysts that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $16.36.

A number of research firms have recently weighed in on LQ. Zacks Investment Research upgraded shares of La Quinta Holdings from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Wednesday, October 11th. UBS Group AG (USA) upgraded shares of La Quinta Holdings from a “hold” rating to a “buy” rating in a report on Thursday. Wells Fargo & Company upgraded shares of La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Friday, October 6th. TheStreet upgraded shares of La Quinta Holdings from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Finally, BidaskClub upgraded shares of La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 5th.

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Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its stake 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 valued at $308,000 after purchasing an additional 433 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of La Quinta Holdings by 0.7% during the second quarter. New York State Common Retirement Fund now owns 157,357 shares of the company’s stock valued at $2,324,000 after purchasing an additional 1,107 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of La Quinta Holdings by 2.1% during the second quarter. Public Employees Retirement System of Ohio now owns 57,972 shares of the company’s stock valued at $856,000 after purchasing an additional 1,179 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of La Quinta Holdings by 2.2% during the first quarter. Metropolitan Life Insurance Co. NY now owns 61,943 shares of the company’s stock valued at $837,000 after purchasing an additional 1,316 shares in the last quarter. Finally, CHICAGO TRUST Co NA increased its stake in shares of La Quinta Holdings by 26.6% during the second quarter. CHICAGO TRUST Co NA now owns 15,081 shares of the company’s stock valued at $223,000 after purchasing an additional 3,166 shares in the last quarter. 97.51% of the stock is owned by institutional investors and hedge funds.

La Quinta Holdings (NYSE LQ) traded down $0.01 during midday trading on Wednesday, reaching $17.00. 2,590,000 shares of the company’s stock traded hands, compared to its average volume of 1,870,000. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.45. La Quinta Holdings has a twelve month low of $9.95 and a twelve month high of $18.53. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 47.25, a price-to-earnings-growth ratio of 6.35 and a beta of 1.87.

La Quinta Holdings (NYSE:LQ) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). La Quinta Holdings had a net margin of 3.11% and a return on equity of 6.31%. The business had revenue of $268.60 million for the quarter, compared to analysts’ expectations of $272.52 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis. equities analysts expect that La Quinta Holdings will post 0.39 earnings per share for the current year.

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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