La Quinta (LQ) Hits New 12-Month High at $20.03

La Quinta Holdings Inc (NYSE:LQ) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $20.03 and last traded at $19.45, with a volume of 3353600 shares changing hands. The stock had previously closed at $18.44.

A number of research analysts have weighed in on LQ shares. Morgan Stanley upgraded shares of La Quinta from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of La Quinta from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. TheStreet downgraded shares of La Quinta from a “b” rating to a “c+” rating in a research report on Thursday, November 2nd. Wells Fargo & Co upgraded shares of La Quinta from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Friday, October 6th. Finally, UBS Group upgraded shares of La Quinta from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $17.81.

The firm has a market capitalization of $2,165.86, a PE ratio of 74.81, a price-to-earnings-growth ratio of 8.68 and a beta of 1.85. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.38.

La Quinta (NYSE:LQ) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The firm had revenue of $268.60 million during the quarter, compared to analyst estimates of $272.52 million. La Quinta had a return on equity of 6.23% and a net margin of 3.11%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS. equities research analysts anticipate that La Quinta Holdings Inc will post 0.33 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LQ. Schwab Charles Investment Management Inc. raised its position in shares of La Quinta by 5.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 507,218 shares of the company’s stock worth $7,492,000 after purchasing an additional 27,651 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of La Quinta by 13.2% during the 2nd quarter. Wells Fargo & Company MN now owns 72,704 shares of the company’s stock worth $1,074,000 after purchasing an additional 8,498 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of La Quinta by 201.1% during the 2nd quarter. Alliancebernstein L.P. now owns 394,100 shares of the company’s stock worth $5,821,000 after purchasing an additional 263,200 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of La Quinta by 20.9% during the 2nd quarter. Nationwide Fund Advisors now owns 161,069 shares of the company’s stock worth $2,379,000 after purchasing an additional 27,878 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of La Quinta by 0.7% during the 2nd quarter. New York State Common Retirement Fund now owns 157,357 shares of the company’s stock worth $2,324,000 after purchasing an additional 1,107 shares during the last quarter. Hedge funds and other institutional investors own 97.19% of the company’s stock.

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La Quinta 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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