La Quinta Holdings Receives Consensus Rating of “Buy” from Analysts (NYSE:LQ)
Shares of La Quinta Holdings (NYSE:LQ) have earned an average rating of “Buy” from the ten ratings firms that are presently covering the stock, American Banking and Market News reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $20.86.
Shares of La Quinta Holdings (NYSE:LQ) traded up 1.34% on Wednesday, hitting $19.65. 385,675 shares of the company’s stock traded hands. 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 $2.548 billion and a price-to-earnings ratio of 395.71.
La Quinta Holdings (NYSE:LQ) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters 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.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of La Quinta Holdings in a research note on Wednesday. They now have a $22.00 price target on the stock, up previously from $20.00. Separately, analysts at JMP Securities raised their price target on shares of La Quinta Holdings from $21.00 to $23.00 in a research note on Wednesday. Finally, 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.
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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