Shares of La Quinta Holdings Inc (NYSE:LQ) have been assigned a consensus rating of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $17.08.

LQ has been the topic of several recent research reports. UBS Group raised shares of La Quinta from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of La Quinta from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, October 11th. TheStreet downgraded shares of La Quinta from a “b” rating to a “c+” rating in a research note on Thursday, November 2nd. Finally, Wells Fargo & Co raised shares of La Quinta from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research note on Friday, October 6th.

A number of hedge funds and other institutional investors have recently bought and sold shares of LQ. Schwab Charles Investment Management Inc. grew its holdings in La Quinta by 5.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 507,218 shares of the company’s stock worth $7,492,000 after acquiring an additional 27,651 shares in the last quarter. Wells Fargo & Company MN grew its holdings in La Quinta by 13.2% during the 2nd quarter. Wells Fargo & Company MN now owns 72,704 shares of the company’s stock worth $1,074,000 after acquiring an additional 8,498 shares in the last quarter. Alliancebernstein L.P. grew its holdings in La Quinta by 201.1% during the 2nd quarter. Alliancebernstein L.P. now owns 394,100 shares of the company’s stock worth $5,821,000 after acquiring an additional 263,200 shares in the last quarter. Nationwide Fund Advisors grew its holdings in La Quinta by 20.9% during the 2nd quarter. Nationwide Fund Advisors now owns 161,069 shares of the company’s stock worth $2,379,000 after acquiring an additional 27,878 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in La Quinta 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 acquiring an additional 1,107 shares in the last quarter. Institutional investors own 97.19% of the company’s stock.

La Quinta (NYSE:LQ) traded up $0.01 during trading on Monday, hitting $18.47. 1,185,400 shares of the stock were exchanged, compared to its average volume of 728,656. The stock has a market cap of $2,169.39, a P/E ratio of 71.04, a price-to-earnings-growth ratio of 8.69 and a beta of 1.85. La Quinta has a twelve month low of $11.76 and a twelve month high of $18.59. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.38.

La Quinta (NYSE:LQ) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The company had revenue of $268.60 million during the quarter, compared to analysts’ expectations of $272.52 million. La Quinta had a net margin of 3.11% and a return on equity of 6.23%. La Quinta’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. equities research analysts forecast that La Quinta will post 0.33 earnings per share for the current year.

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La Quinta 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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