La Quinta Holdings Inc. (LQ) Sees Strong Trading Volume
Shares of La Quinta Holdings Inc. (NYSE:LQ) saw unusually-high trading volume on Tuesday . Approximately 1,097,061 shares were traded during trading, an increase of 86% from the previous session’s volume of 591,248 shares.The stock last traded at $11.71 and had previously closed at $11.77.
Several analysts recently issued reports on the company. Deutsche Bank AG restated a “buy” rating and issued a $18.00 price target on shares of La Quinta Holdings in a research note on Monday, June 27th. Wells Fargo & Co. downgraded La Quinta Holdings from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 14th. They noted that the move was a valuation call. Wolfe Research assumed coverage on La Quinta Holdings in a research note on Wednesday, July 6th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded La Quinta Holdings from a “sell” rating to a “hold” rating in a research note on Friday, July 15th. Finally, Citigroup Inc. reduced their price target on La Quinta Holdings from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, August 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. La Quinta Holdings currently has an average rating of “Hold” and an average target price of $16.13.
The company has a 50-day moving average price of $11.92 and a 200-day moving average price of $11.81. The firm has a market capitalization of $1.37 billion and a P/E ratio of 1463.75.
La Quinta Holdings (NYSE:LQ) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The business had revenue of $269.60 million for the quarter, compared to analysts’ expectations of $266.78 million. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 earnings per share. Equities analysts expect that La Quinta Holdings Inc. will post $0.54 earnings per share for the current fiscal year.
La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale segments under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment derives its earnings from the operation of owned hotel properties located in the United States.
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