La Quinta Holdings Inc. (NYSE:LQ)‘s stock had its “equal weight” rating reissued by equities researchers at Morgan Stanley in a report issued on Tuesday. They presently have a $10.00 price target on the stock, down from their prior price target of $11.00. Morgan Stanley’s target price would suggest a potential downside of 10.23% from the company’s previous close.

Other analysts have also issued reports about the stock. Off Wall Street reaffirmed a “buy” rating and issued a $14.20 price objective on shares of La Quinta Holdings in a research note on Monday, November 7th. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $11.00 price objective on shares of La Quinta Holdings in a research note on Thursday, November 3rd. Wells Fargo & Co. raised shares of La Quinta Holdings from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 1st. They noted that the move was a valuation call. Zacks Investment Research lowered shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Finally, Goldman Sachs Group Inc. assumed coverage on shares of La Quinta Holdings in a research note on Monday, September 26th. They issued a “sell” rating and a $9.00 price objective for the company. Two 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. La Quinta Holdings currently has an average rating of “Hold” and an average target price of $13.15.

Analyst Recommendations for La Quinta Holdings (NYSE:LQ)

Shares of La Quinta Holdings (NYSE:LQ) opened at 11.14 on Tuesday. La Quinta Holdings has a 52 week low of $9.42 and a 52 week high of $15.21. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 202.55 and a beta of 1.73. The stock has a 50 day moving average of $10.63 and a 200-day moving average of $11.42.

La Quinta Holdings (NYSE:LQ) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.19 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.19. The firm had revenue of $272.30 million for the quarter, compared to analysts’ expectations of $267.50 million. La Quinta Holdings had a net margin of 0.65% and a return on equity of 9.67%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. On average, analysts anticipate that La Quinta Holdings will post $0.51 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of La Quinta Holdings by 1.1% in the third quarter. BlackRock Inc. now owns 24,027 shares of the company’s stock valued at $269,000 after buying an additional 255 shares during the last quarter. Rhumbline Advisers raised its position in shares of La Quinta Holdings by 1.1% in the third quarter. Rhumbline Advisers now owns 100,976 shares of the company’s stock valued at $1,129,000 after buying an additional 1,130 shares during the last quarter. BlackRock Group LTD raised its position in shares of La Quinta Holdings by 3.7% in the third quarter. BlackRock Group LTD now owns 44,729 shares of the company’s stock valued at $501,000 after buying an additional 1,611 shares during the last quarter. California State Teachers Retirement System raised its position in shares of La Quinta Holdings by 1.0% in the third quarter. California State Teachers Retirement System now owns 179,620 shares of the company’s stock valued at $2,008,000 after buying an additional 1,700 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of La Quinta Holdings by 17.4% in the second quarter. Teacher Retirement System of Texas now owns 13,088 shares of the company’s stock valued at $149,000 after buying an additional 1,936 shares during the last quarter. 95.69% of the stock is owned by hedge funds and other 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.

5 Day Chart for NYSE:LQ

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