Today, La Quinta Holdings Inc. (LQ) Upgrade to Hold by The Zacks Investment Research

Today, La Quinta Holdings Inc. (LQ) Upgrade to Hold by The Zacks Investment Research

Zacks Investment Research upgraded shares of La Quinta Holdings Inc. (NYSE:LQ) from a sell rating to a hold rating in a research report report published on Saturday morning.

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 target price on shares of La Quinta Holdings and gave the stock a hold rating in a research note on Wednesday, August 3rd. Deutsche Bank AG set a $17.00 price objective on shares of La Quinta Holdings and gave the company a buy rating in a research note on Wednesday, August 3rd. Citigroup Inc. decreased their price objective 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. 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 price objective for the company. Finally, JPMorgan Chase & Co. restated a hold rating and issued a $11.00 price objective on shares of La Quinta Holdings in a research note on Thursday, November 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given 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.

Shares of La Quinta Holdings (NYSE:LQ) opened at 12.26 on Friday. The stock’s 50 day moving average price is $10.77 and its 200-day moving average price is $11.40. The firm has a market capitalization of $1.43 billion, a PE 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 earnings results on Wednesday, November 2nd. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The firm earned $272.30 million during the quarter, compared to the consensus estimate of $267.50 million. La Quinta Holdings had a net margin of 0.65% and a return on equity of 9.67%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Equities research analysts anticipate that La Quinta Holdings will post $0.51 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in LQ. Fox Run Management L.L.C. acquired a new stake in shares of La Quinta Holdings during the second quarter worth approximately $165,000. Princeton Alpha Management LP acquired a new stake in shares of La Quinta Holdings during the second quarter worth approximately $400,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of La Quinta Holdings during the second quarter worth approximately $415,000. Swiss National Bank boosted its stake in shares of La Quinta Holdings by 3.7% in the second quarter. Swiss National Bank now owns 154,700 shares of the company’s stock worth $1,764,000 after buying an additional 5,500 shares during the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of La Quinta Holdings during the second quarter worth approximately $335,000. 96.74% of the stock is owned by institutional investors and hedge funds.

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.

Related posts

Leave a Comment