La Quinta Holdings Inc. (LQ) Rating Increased to Hold at Zacks Investment Research
La Quinta Holdings Inc. (NYSE:LQ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
According to Zacks, “La Quinta Holdings Inc. is an owner, operator and franchisor of select-service hotels in the United States, primarily serving the midscale and upper-midscale segments. It provides franchise services to hotels in the U.S., Canada and Mexico under the La Quinta Inns & Suites (TM) and La Quinta Inn (TM) brands. La Quinta Holdings Inc. is headquartered in Irving, Texas. “
A number of other brokerages also recently commented on LQ. Morgan Stanley set a $11.00 price objective on shares of La Quinta Holdings and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. restated a “hold” rating and issued a $11.00 target price on shares of La Quinta Holdings in a research note on Thursday, November 3rd. Goldman Sachs Group Inc. initiated coverage on shares of La Quinta Holdings in a research note on Monday, September 26th. They issued a “sell” rating and a $9.00 target price for the company. Citigroup Inc. reduced their target price on shares of La Quinta Holdings from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, August 5th. Finally, Off Wall Street restated a “buy” rating and issued a $14.20 target price on shares of La Quinta Holdings in a research note on Monday, November 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.15.
La Quinta Holdings (NYSE:LQ) opened at 12.26 on Friday. The company’s 50-day moving average is $10.77 and its 200-day moving average is $11.40. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 222.91 and a beta of 1.73. La Quinta Holdings has a 52-week low of $9.42 and a 52-week high of $15.21.
La Quinta Holdings (NYSE:LQ) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. The firm earned $272.30 million during 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%. La Quinta Holdings’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 EPS. Equities analysts predict that La Quinta Holdings will post $0.51 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the stock. Neuberger Berman Group LLC bought a new stake in shares of La Quinta Holdings during the second quarter valued at approximately $124,000. Airain ltd bought a new stake in shares of La Quinta Holdings during the second quarter valued at approximately $326,000. Princeton Alpha Management LP bought a new stake in shares of La Quinta Holdings during the second quarter valued at approximately $400,000. First Trust Advisors LP bought a new stake in shares of La Quinta Holdings during the second quarter valued at approximately $846,000. Finally, River Road Asset Management LLC boosted its stake in shares of La Quinta Holdings by 106.2% in the second quarter. River Road Asset Management LLC now owns 2,288,753 shares of the company’s stock valued at $26,092,000 after buying an additional 1,178,623 shares during the period. Hedge funds and other institutional investors own 96.74% 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 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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