La Quinta Holdings Hits New 12-Month High at $19.43 (LQ)
La Quinta Holdings (NYSE:LQ)’s share price hit a new 52-week high during mid-day trading on Thursday , AnalystRatingsNetwork reports. The company traded as high as $19.43 and last traded at $19.12, with a volume of 154,822 shares traded. The stock had previously closed at $19.18.
A number of analysts have recently weighed in on LQ shares. 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 given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $20.14.
The stock’s 50-day moving average is $18.19 and its 200-day moving average is $17.65. The company has a market cap of $2.484 billion and a P/E ratio of 391.43.
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 quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts predict that La Quinta Holdings will post $0.39 earnings per share 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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