Trade Report: The La Quinta Holdings Inc. (NYSE:LQ) Receives $14.29 Average PT from Brokerages

The La Quinta Holdings Inc. (NYSE:LQ) Receives $14.29 Average PT from Brokerages

Shares of La Quinta Holdings Inc. (NYSE:LQ) have received a consensus rating of “Hold” from the thirteen research firms that are covering the company. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $14.29.

Several equities research analysts have recently weighed in on the company. Morgan Stanley set a $11.00 price objective on La Quinta Holdings and gave the company a “hold” rating in a report on Wednesday, August 3rd. Deutsche Bank AG set a $17.00 price objective on La Quinta Holdings and gave the company a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research downgraded La Quinta Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. TheStreet raised La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, Bank of America Corp. reissued a “sell” rating on shares of La Quinta Holdings in a report on Monday, July 18th.

Shares of La Quinta Holdings (NYSE:LQ) opened at 10.83 on Tuesday. La Quinta Holdings has a 52 week low of $9.42 and a 52 week high of $17.46. The firm has a market cap of $1.26 billion, a PE ratio of 1353.75 and a beta of 1.69. The firm’s 50-day moving average is $11.22 and its 200 day moving average is $11.76.

La Quinta Holdings (NYSE:LQ) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business earned $269.60 million during the quarter, compared to the consensus estimate of $266.78 million. La Quinta Holdings had a return on equity of 9.49% and a net margin of 0.09%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 earnings per share. Equities research analysts forecast that La Quinta Holdings will post $0.54 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in La Quinta Holdings by 621.0% in the second quarter. Royal Bank of Canada now owns 15,589 shares of the company’s stock valued at $177,000 after buying an additional 13,427 shares during the last quarter. Point72 Asset Management L.P. boosted its position in La Quinta Holdings by 233.3% in the second quarter. Point72 Asset Management L.P. now owns 29,000 shares of the company’s stock valued at $331,000 after buying an additional 20,300 shares during the last quarter. EverPoint Asset Management LLC acquired a new position in La Quinta Holdings during the second quarter valued at about $116,000. Paloma Partners Management Co boosted its position in La Quinta Holdings by 124.6% in the second quarter. Paloma Partners Management Co now owns 120,339 shares of the company’s stock valued at $1,371,000 after buying an additional 66,767 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in La Quinta Holdings during the second quarter valued at about $911,000. Hedge funds and other institutional investors own 98.80% of the company’s stock.

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