La Quinta Holdings Inc. (NYSE:LQ) Receives Average Recommendation of “Hold” from Brokerages
La Quinta Holdings Inc. (NYSE:LQ) has received an average rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $13.21.
Several brokerages have issued reports on LQ. Zacks Investment Research upgraded shares of La Quinta Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, April 4th. Morgan Stanley upgraded shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $14.50 to $16.00 in a research report on Thursday, June 15th. They noted that the move was a valuation call.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LQ. Quantitative Systematic Strategies LLC purchased a new position in La Quinta Holdings during the second quarter worth $153,000. Envestnet Asset Management Inc. raised its position in La Quinta Holdings by 26.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 11,401 shares of the company’s stock worth $162,000 after buying an additional 2,351 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in La Quinta Holdings during the first quarter worth $176,000. CHICAGO TRUST Co NA raised its position in La Quinta Holdings by 26.6% in the second quarter. CHICAGO TRUST Co NA now owns 15,081 shares of the company’s stock worth $223,000 after buying an additional 3,166 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in La Quinta Holdings during the first quarter worth $235,000. 99.21% of the stock is currently owned by institutional investors.
Shares of La Quinta Holdings (LQ) traded up 0.21% during mid-day trading on Monday, hitting $14.41. 689,132 shares of the company were exchanged. The company’s 50-day moving average price is $14.62 and its 200-day moving average price is $14.10. La Quinta Holdings has a 12-month low of $9.73 and a 12-month high of $15.39. The firm has a market capitalization of $1.69 billion, a P/E ratio of 43.80 and a beta of 1.87.
La Quinta Holdings (NYSE:LQ) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $234.27 million for the quarter, compared to analyst estimates of $232.20 million. La Quinta Holdings had a return on equity of 8.04% and a net margin of 3.91%. Equities research analysts predict that La Quinta Holdings will post $0.39 earnings per share for the current fiscal year.
La Quinta Holdings Company Profile
La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale sectors under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment is engaged in the operation of owned hotel properties.
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