La Quinta Holdings Sees Large Decline in Short Interest (LQ)
Shares of La Quinta Holdings (NYSE:LQ) were the target of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 281,276 shares, a decrease of 53.0% from the April 30th total of 597,914 shares, Analyst Ratings Network reports. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 550,326 shares, the short-interest ratio is presently 0.5 days.
LQ has been the subject of a number of recent research reports. Analysts at Bank of America initiated coverage on shares of La Quinta Holdings in a research note on Monday, May 5th. They set a “neutral” rating and a $20.00 price target on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of La Quinta Holdings in a research note on Monday, May 5th. They set a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of La Quinta Holdings in a research note on Monday, May 5th. They set a “neutral” rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $20.14.
Shares of La Quinta Holdings (NYSE:LQ) opened at 18.70 on Thursday. La Quinta Holdings has a 52-week low of $16.01 and a 52-week high of $19.05. The stock has a 50-day moving average of $17.29 and a 200-day moving average of $17.2. The company has a market cap of $2.425 billion and a P/E ratio of 385.51.
La Quinta Holdings (NYSE:LQ) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.07. The company had revenue of $227.70 million for the quarter, compared to the consensus estimate of $212.05 million. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts expect that La Quinta Holdings will post $0.39 EPS for the current fiscal year.
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.
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