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Equities research analysts at Stifel Nicolaus increased their price objective on shares of La Quinta Holdings (NYSE:LQ) from $20.00 to $21.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 8.30% from the company’s current price.

Shares of La Quinta Holdings (NYSE:LQ) opened at 20.04 on Wednesday. La Quinta Holdings has a one year low of $16.01 and a one year 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 $2.599 billion and a P/E ratio of 395.71.

La Quinta Holdings (NYSE:LQ) last announced its earnings results on Tuesday, August 12th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the 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. 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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