La Quinta Holdings Inc. (LQ) Shares Down 2%
La Quinta Holdings Inc. (NYSE:LQ)’s share price traded down 2% during mid-day trading on Friday . The company traded as low as $11.24 and last traded at $11.25, with a volume of 174,979 shares traded. The stock had previously closed at $11.48.
A number of equities analysts recently issued reports on the company. Bank of America Corp. restated a “sell” rating on shares of La Quinta Holdings in a report on Monday, July 18th. Zacks Investment Research upgraded La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Friday, July 15th. TheStreet upgraded La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Morgan Stanley set a $11.00 target price on La Quinta Holdings and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Finally, Deutsche Bank AG set a $17.00 target price on La Quinta Holdings and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $16.13.
The stock’s 50 day moving average price is $11.85 and its 200-day moving average price is $11.80. The stock has a market capitalization of $1.30 billion and a PE ratio of 1396.25.
La Quinta Holdings (NYSE:LQ) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $269.60 million for the quarter, compared to analyst estimates of $266.78 million. During the same period in the prior year, the company posted $0.19 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts forecast that La Quinta Holdings Inc. will post $0.54 EPS for the current 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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