Todays Report: Today, La Quinta Holdings Inc. (LQ) Rating Increased to Hold at The Zacks Investment Research

Today, La Quinta Holdings Inc. (LQ) Rating Increased to Hold at The 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. “

Several other analysts have also weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $10.00 target price (down previously from $11.00) on shares of La Quinta Holdings in a research note on Tuesday, November 15th. Off Wall Street reiterated a “buy” rating and set a $14.20 target price on shares of La Quinta Holdings in a research note on Monday, November 7th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $11.00 target price on shares of La Quinta Holdings in a research note on Thursday, November 3rd. Wells Fargo & Co. upgraded 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. Finally, Goldman Sachs Group Inc. assumed coverage on shares of La Quinta Holdings in a research note on Monday, September 26th. They set a “sell” rating and a $9.00 target price for the company. 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 stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.15.

Shares of La Quinta Holdings (NYSE:LQ) opened at 12.26 on Friday. La Quinta Holdings has a 52 week low of $9.42 and a 52 week high of $15.21. The firm has a market cap of $1.43 billion, a PE ratio of 222.91 and a beta of 1.73. The company has a 50 day moving average of $10.77 and a 200 day moving average of $11.40.

La Quinta Holdings (NYSE:LQ) last released its earnings results on Wednesday, November 2nd. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. La Quinta Holdings had a net margin of 0.65% and a return on equity of 9.67%. The firm earned $272.30 million during the quarter, compared to analyst estimates of $267.50 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, equities research analysts anticipate that La Quinta Holdings will post $0.51 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in LQ. Neuberger Berman Group LLC bought a new position in shares of La Quinta Holdings during the second quarter worth about $124,000. Airain ltd bought a new position in shares of La Quinta Holdings during the second quarter worth about $326,000. Princeton Alpha Management LP bought a new position in shares of La Quinta Holdings during the second quarter worth about $400,000. First Trust Advisors LP bought a new position in shares of La Quinta Holdings during the second quarter worth about $846,000. Finally, River Road Asset Management LLC raised its position 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 worth $26,092,000 after buying an additional 1,178,623 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

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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