Shares of La Quinta Holdings Inc. (NYSE:LQ) have been assigned an average recommendation of “Hold” from the thirteen research firms that are currently covering the company. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $13.28.

LQ has been the subject of several analyst reports. Off Wall Street restated a “buy” rating and issued a $14.20 target price on shares of La Quinta Holdings in a report on Monday. Deutsche Bank AG set a $17.00 price target on La Quinta Holdings and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Morgan Stanley set a $11.00 price target on La Quinta Holdings and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research upgraded La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Friday, July 15th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and set a $11.00 price target on shares of La Quinta Holdings in a report on Thursday, November 3rd.

La Quinta Holdings (NYSE:LQ) opened at 10.92 on Tuesday. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 198.55 and a beta of 1.73. La Quinta Holdings has a 1-year low of $9.42 and a 1-year high of $15.21. The firm has a 50-day moving average price of $10.64 and a 200 day moving average price of $11.46.

La Quinta Holdings (NYSE:LQ) last issued its earnings results on Wednesday, November 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The company earned $272.30 million during the quarter, compared to analysts’ expectations of $267.50 million. La Quinta Holdings had a return on equity of 9.67% and a net margin of 0.65%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. On average, equities research analysts anticipate that La Quinta Holdings will post $0.52 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC raised its stake in La Quinta Holdings by 4.7% in the first quarter. TIAA CREF Investment Management LLC now owns 439,228 shares of the company’s stock worth $5,490,000 after buying an additional 19,700 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in La Quinta Holdings by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,220,801 shares of the company’s stock worth $27,760,000 after buying an additional 12,246 shares in the last quarter. HBK Investments L P raised its stake in La Quinta Holdings by 103.6% in the first quarter. HBK Investments L P now owns 123,800 shares of the company’s stock worth $1,548,000 after buying an additional 63,000 shares in the last quarter. CHICAGO TRUST Co NA bought a new stake in La Quinta Holdings during the second quarter worth about $134,000. Finally, Fox Run Management L.L.C. bought a new stake in La Quinta Holdings during the second quarter worth about $165,000. 98.99% of the stock is currently owned by institutional investors.

About La Quinta Holdings

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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