La Quinta Holdings Inc. (LQ) Receives Consensus Rating of “Buy” from Analysts
Shares of La Quinta Holdings Inc. (NYSE:LQ) have received a consensus recommendation of “Buy” from the nine research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $16.08.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of La Quinta Holdings from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Wednesday, October 11th. Wells Fargo & Company raised shares of La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Friday, October 6th. TheStreet raised shares of La Quinta Holdings from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Finally, BidaskClub raised shares of La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 5th.
ILLEGAL ACTIVITY NOTICE: “La Quinta Holdings Inc. (LQ) Receives Consensus Rating of “Buy” from Analysts” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2017/11/01/la-quinta-holdings-inc-lq-receives-consensus-rating-of-buy-from-analysts.html.
La Quinta Holdings (NYSE:LQ) last announced its earnings results on Wednesday, November 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). La Quinta Holdings had a net margin of 4.13% and a return on equity of 7.28%. The business had revenue of $268.60 million during the quarter, compared to analysts’ expectations of $272.52 million. During the same period in the previous year, the company posted $0.19 earnings per share. La Quinta Holdings’s quarterly revenue was down 1.4% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently bought and sold shares of LQ. First Eagle Investment Management LLC raised its holdings in La Quinta Holdings by 68.6% during the second quarter. First Eagle Investment Management LLC now owns 3,092,505 shares of the company’s stock worth $45,676,000 after purchasing an additional 1,258,565 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in La Quinta Holdings by 29.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,475,351 shares of the company’s stock worth $46,986,000 after purchasing an additional 788,538 shares in the last quarter. Bank of Montreal Can raised its holdings in La Quinta Holdings by 32,325.9% during the second quarter. Bank of Montreal Can now owns 614,796 shares of the company’s stock worth $9,081,000 after purchasing an additional 612,900 shares in the last quarter. Forward Management LLC purchased a new position in La Quinta Holdings during the second quarter worth about $4,474,000. Finally, Alliancebernstein L.P. raised its holdings in La Quinta Holdings by 201.1% during the second quarter. Alliancebernstein L.P. now owns 394,100 shares of the company’s stock worth $5,821,000 after purchasing an additional 263,200 shares in the last quarter. 97.51% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for La Quinta Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for La Quinta Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.