La Quinta Holdings Inc. (LQ) Upgraded to “Hold” at BidaskClub
BidaskClub upgraded shares of La Quinta Holdings Inc. (NYSE:LQ) from a sell rating to a hold rating in a report issued on Saturday.
A number of other equities analysts have also recently issued reports on LQ. Zacks Investment Research raised La Quinta Holdings from a hold rating to a buy rating and set a $17.00 target price for the company in a report on Wednesday, July 5th. Morgan Stanley raised La Quinta Holdings from an equal weight rating to an overweight rating and increased their target price for the stock from $14.50 to $16.00 in a report on Thursday, June 15th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $13.41.
La Quinta Holdings (NYSE LQ) opened at 15.30 on Friday. The firm’s 50-day moving average price is $14.73 and its 200-day moving average price is $14.12. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 46.50 and a beta of 1.86. La Quinta Holdings has a 12 month low of $9.73 and a 12 month high of $15.45.
La Quinta Holdings (NYSE:LQ) last issued its earnings results on Monday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.03. La Quinta Holdings had a return on equity of 8.04% and a net margin of 3.91%. The business had revenue of $263.40 million during the quarter, compared to analysts’ expectations of $260.44 million. During the same period in the prior year, the firm posted $0.21 EPS. La Quinta Holdings’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities research analysts predict that La Quinta Holdings will post $0.39 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in LQ. Quantitative Systematic Strategies LLC acquired a new stake in La Quinta Holdings during the second quarter worth approximately $153,000. Oppenheimer Asset Management Inc. acquired a new stake in La Quinta Holdings during the first quarter worth approximately $176,000. CHICAGO TRUST Co NA raised its stake in La Quinta Holdings by 26.6% in the second quarter. CHICAGO TRUST Co NA now owns 15,081 shares of the company’s stock worth $223,000 after buying an additional 3,166 shares during the period. Highbridge Capital Management LLC acquired a new stake in La Quinta Holdings during the first quarter worth approximately $235,000. Finally, Envestnet Asset Management Inc. raised its stake in La Quinta Holdings by 88.9% in the first quarter. Envestnet Asset Management Inc. now owns 21,535 shares of the company’s stock worth $291,000 after buying an additional 10,134 shares during the period. Institutional investors and hedge funds own 97.67% of the company’s stock.
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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