La Quinta Holdings Price Target Raised to $23.00 at JMP Securities (LQ)
JMP Securities hoisted their price target on shares of La Quinta Holdings (NYSE:LQ) from $21.00 to $23.00 in a research note issued on Wednesday. JMP Securities’ price target indicates a potential upside of 18.62% from the stock’s previous close.
La Quinta Holdings (NYSE:LQ) opened at 19.39 on Wednesday. La Quinta Holdings has a 52 week low of $16.01 and a 52 week high of $19.45. The stock has a 50-day moving average of $18.91 and a 200-day moving average of $18.05. The company has a market cap of $2.515 billion and a P/E ratio of 394.08.
La Quinta Holdings (NYSE:LQ) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.03. The company had revenue of $260.00 million for the quarter, compared to the consensus estimate of $257.88 million. Analysts expect that La Quinta Holdings will post $0.39 EPS for the current fiscal year.
Separately, analysts at Stifel Nicolaus raised their price target on shares of La Quinta Holdings from $20.00 to $21.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $20.57.
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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