Somewhat Positive Press Coverage Somewhat Unlikely to Impact La Quinta Holdings (NYSE:LQ) Stock Price
News headlines about La Quinta Holdings (NYSE:LQ) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. La Quinta Holdings earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.8299635463773 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- La Quinta Holdings, Inc. :LQ-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017 (finance.yahoo.com)
- Is La Quinta Holdings Inc. (LQ) stock has a mean analyst rating of 2.80 – Stocks Gallery (stocksgallery.com)
- Running on Empty or is La Quinta Holdings Inc (LQ) Refueling? – Evergreen Caller (evergreencaller.com)
- Norges Bank Raises Its Ownership in La Quinta Holdings Inc. (LQ … – First News 24 (firstnewspaper24.com)
- La Quinta Holdings Inc. (LQ) Hits New 52-Week High – Modern Readers (modernreaders.com)
A number of equities research analysts have recently commented on the stock. TheStreet upgraded shares of La Quinta Holdings from a “c” rating to a “b” rating in a research report on Tuesday. BidaskClub upgraded shares of La Quinta Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of La Quinta Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday, July 5th. Finally, Morgan Stanley upgraded shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $14.50 to $16.00 in a research report on Thursday, June 15th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. La Quinta Holdings presently has a consensus rating of “Hold” and an average price target of $13.41.
La Quinta Holdings (NYSE LQ) traded up 0.65% during midday trading on Friday, reaching $15.47. 505,282 shares of the company traded hands. La Quinta Holdings has a 12 month low of $9.73 and a 12 month high of $15.72. The firm has a market capitalization of $1.82 billion, a PE ratio of 43.70 and a beta of 1.86. The company’s 50-day moving average price is $14.84 and its 200 day moving average price is $14.18.
La Quinta Holdings (NYSE:LQ) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. La Quinta Holdings had a net margin of 6.39% and a return on equity of 10.01%. The company had revenue of $263.40 million during the quarter, compared to the consensus estimate of $260.44 million. During the same quarter in the prior year, the company posted $0.21 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities analysts anticipate that La Quinta Holdings will post $0.38 earnings per share for the current year.
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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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