La Quinta Holdings Given Consensus Rating of “Buy” by Brokerages (NYSE:LQ)
Shares of La Quinta Holdings (NYSE:LQ) have earned an average recommendation of “Buy” from the ten ratings firms that are covering the stock, AnalystRatings.NET reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $20.86.
La Quinta Holdings (NYSE:LQ) opened at 19.69 on Wednesday. La Quinta Holdings has a 52 week low of $16.01 and a 52 week high of $20.21. The stock’s 50-day moving average is $18.97 and its 200-day moving average is $18.11. The company’s market cap is $2.574 billion.
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 $0.43 earnings per share 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 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.
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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