UBS AG upgraded shares of La Quinta Holdings Inc. (NYSE:LQ) from a hold rating to a buy rating in a report released on Thursday, The Fly reports.
Several other equities research analysts also recently commented on the company. Zacks Investment Research raised La Quinta Holdings from a hold rating to a buy rating and set a $20.00 price objective for the company in a report on Wednesday, October 11th. Wells Fargo & Company raised La Quinta Holdings from a market perform rating to an outperform rating and set a $22.00 price objective for the company in a report on Friday, October 6th. TheStreet raised La Quinta Holdings from a c rating to a b rating in a report on Tuesday, August 8th. Finally, BidaskClub raised La Quinta Holdings from a sell rating to a hold rating in a report on Saturday, August 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $17.09.
La Quinta Holdings (NYSE LQ) traded up $0.09 during midday trading on Thursday, hitting $17.09. The stock had a trading volume of 674,250 shares, compared to its average volume of 1,977,743. The firm has a market cap of $1,996.73, a P/E ratio of 47.22, a PEG ratio of 13.14 and a beta of 1.87. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.38. La Quinta Holdings has a 12 month low of $9.95 and a 12 month high of $18.53.
La Quinta Holdings (NYSE:LQ) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $268.60 million during the quarter, compared to analyst estimates of $272.52 million. La Quinta Holdings had a net margin of 3.11% and a return on equity of 6.23%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 EPS. equities analysts predict that La Quinta Holdings will post 0.35 EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted 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 last quarter. Vanguard Group Inc. lifted 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 last quarter. Dimensional Fund Advisors LP lifted 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 last quarter. First Eagle Investment Management LLC lifted 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 last quarter. Finally, State Street Corp lifted its holdings in La Quinta Holdings by 2.4% during the 2nd quarter. State Street Corp now owns 1,728,787 shares of the company’s stock valued at $25,533,000 after purchasing an additional 40,093 shares during the last quarter. 97.22% 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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