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La Quinta Holdings (NYSE:LQ) hit a new 52-week high during mid-day trading on Tuesday , American Banking News.com reports. The company traded as high as $20.23 and last traded at $19.96, with a volume of 306,004 shares changing hands. The stock had previously closed at $19.75.

A number of research firms have recently commented on LQ. Analysts at Credit Suisse reiterated an “outperform” rating on shares of La Quinta Holdings in a research note on Wednesday, August 13th. 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, August 13th. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of La Quinta Holdings in a research note on Wednesday, August 13th. They now have a $21.00 price target on the stock, up previously from $20.00. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. La Quinta Holdings currently has a consensus rating of “Buy” and an average price target of $20.86.

The stock has a 50-day moving average of $19.17 and a 200-day moving average of $18.26. The company’s market cap is $2.622 billion.

La Quinta Holdings (NYSE:LQ) last issued its quarterly earnings data 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. On average, analysts predict that La Quinta Holdings will post $0.43 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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