La Quinta Holdings Inc. (NYSE:LQ) was upgraded by UBS AG from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Other equities research analysts also recently issued reports about the stock. BidaskClub downgraded shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research raised shares of La Quinta Holdings from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, July 5th. 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. Finally, TheStreet raised shares of La Quinta Holdings from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $16.08.

La Quinta Holdings (NYSE:LQ) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). La Quinta Holdings had a return on equity of 7.28% and a net margin of 4.13%. The company had revenue of $268.60 million during the quarter, compared to analyst estimates of $272.52 million. During the same period in the previous year, the company earned $0.19 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in La Quinta Holdings by 1.9% during the 1st quarter. Bank of America Corp DE now owns 22,770 shares of the company’s stock worth $308,000 after buying an additional 433 shares during the period. New York State Common Retirement Fund raised its holdings in La Quinta Holdings by 0.7% during the 2nd quarter. New York State Common Retirement Fund now owns 157,357 shares of the company’s stock worth $2,324,000 after buying an additional 1,107 shares during the period. Public Employees Retirement System of Ohio raised its holdings in La Quinta Holdings by 2.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 57,972 shares of the company’s stock worth $856,000 after buying an additional 1,179 shares during the period. Metropolitan Life Insurance Co. NY raised its holdings in La Quinta Holdings by 2.2% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 61,943 shares of the company’s stock worth $837,000 after buying an additional 1,316 shares during the period. Finally, CHICAGO TRUST Co NA raised its holdings in La Quinta Holdings by 26.6% during the 2nd 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 period. Hedge funds and other institutional investors own 97.51% of the company’s stock.

About La Quinta Holdings

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.

The Fly

Analyst Recommendations for La Quinta Holdings (NYSE:LQ)

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