La Quinta Holdings Stock Rating Reaffirmed by Credit Suisse (LQ)
La Quinta Holdings (NYSE:LQ)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse in a research report issued on Wednesday. They currently have a $22.00 price target on the stock, up from their previous price target of $20.00. Credit Suisse’s price objective indicates a potential upside of 13.46% from the stock’s previous close.
Shares of La Quinta Holdings (NYSE:LQ) traded up 1.65% during mid-day trading on Wednesday, hitting $19.71. The stock had a trading volume of 892,708 shares. La Quinta Holdings has a 1-year low of $16.01 and a 1-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 $2.556 billion and a P/E 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.
LQ has been the subject of a number of other recent research reports. 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. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of La Quinta Holdings in a research note on Wednesday. They now have a $21.00 price target on the stock, up previously from $20.00. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $20.86.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.