La Quinta Holdings Inc. (LQ) Shares Down 2%
La Quinta Holdings Inc. (NYSE:LQ) shares traded down 2% during trading on Friday . The company traded as low as $11.24 and last traded at $11.25, with a volume of 174,979 shares trading hands. The stock had previously closed at $11.48.
LQ has been the subject of a number of research reports. Morgan Stanley set a $11.00 target price on shares of La Quinta Holdings and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. TheStreet upgraded shares of La Quinta Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Deutsche Bank AG restated a “buy” rating and set a $18.00 target price on shares of La Quinta Holdings in a research note on Monday, June 27th. Zacks Investment Research cut shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Finally, Wolfe Research initiated coverage on shares of La Quinta Holdings in a research note on Wednesday, July 6th. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.13.
The firm has a market capitalization of $1.30 billion and a price-to-earnings ratio of 1396.25. The firm has a 50 day moving average of $11.88 and a 200 day moving average of $11.81.
La Quinta Holdings (NYSE:LQ) last posted its earnings results on Tuesday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. During the same quarter in the previous year, the company earned $0.19 EPS. The firm earned $269.60 million during the quarter, compared to the consensus estimate of $266.78 million. The business’s revenue was down 1.6% compared to the same quarter last year. On average, 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.