La Quinta Holdings Inc. (LQ) Stock Rating Upgraded by TheStreet
La Quinta Holdings Inc. (NYSE:LQ) was upgraded by stock analysts at TheStreet from a “c” rating to a “b” rating in a research note issued to investors on Tuesday.
LQ has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of La Quinta Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. BidaskClub downgraded shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Morgan Stanley raised shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $14.50 to $16.00 in a research note on Thursday, June 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $13.41.
La Quinta Holdings (NYSE:LQ) opened at 15.45 on Tuesday. The stock has a market cap of $1.82 billion, a P/E ratio of 46.96 and a beta of 1.86. La Quinta Holdings has a 12-month low of $9.73 and a 12-month high of $15.72. The firm’s 50 day moving average price is $14.81 and its 200-day moving average price is $14.16.
La Quinta Holdings (NYSE:LQ) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. La Quinta Holdings had a net margin of 4.13% and a return on equity of 7.28%. The firm had revenue of $263.40 million during the quarter, compared to the consensus estimate of $260.44 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. Equities research analysts anticipate that La Quinta Holdings will post $0.38 earnings per share for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. Algert Global LLC acquired a new position in shares of La Quinta Holdings during the first quarter worth approximately $735,000. Kempen Capital Management N.V. increased its position in shares of La Quinta Holdings by 9.2% in the first quarter. Kempen Capital Management N.V. now owns 112,104 shares of the company’s stock worth $1,515,000 after buying an additional 9,412 shares during the period. Spark Investment Management LLC acquired a new position in shares of La Quinta Holdings during the first quarter worth approximately $5,298,000. YG Partners LLC increased its position in shares of La Quinta Holdings by 19.8% in the first quarter. YG Partners LLC now owns 177,474 shares of the company’s stock worth $2,399,000 after buying an additional 29,358 shares during the period. Finally, Ranger Global Real Estate Advisors LLC acquired a new position in shares of La Quinta Holdings during the first quarter worth approximately $4,562,000. 97.67% of the stock is 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 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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