Stifel Nicolaus Reaffirms “Hold” Rating for La Quinta (LQ)

La Quinta (NYSE:LQ)‘s stock had its “hold” rating reissued by equities research analysts at Stifel Nicolaus in a research report issued on Thursday.

LQ has been the subject of a number of other reports. Zacks Investment Research lowered shares of La Quinta from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. UBS Group upgraded shares of La Quinta from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Deutsche Bank increased their price objective on shares of La Quinta to $23.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Morgan Stanley upgraded shares of La Quinta from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, January 17th. Finally, TheStreet downgraded shares of La Quinta from a “b” rating to a “c+” rating in a research note on Thursday, November 2nd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. La Quinta has a consensus rating of “Hold” and a consensus target price of $18.85.

Shares of La Quinta (LQ) traded down $0.07 during midday trading on Thursday, reaching $19.86. 913,990 shares of the company were exchanged, compared to its average volume of 1,796,613. The firm has a market cap of $2,329.97, a price-to-earnings ratio of 76.39, a PEG ratio of 8.80 and a beta of 1.85. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.40 and a current ratio of 1.40. La Quinta has a 12-month low of $11.76 and a 12-month high of $21.06.

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

Several institutional investors have recently bought and sold shares of the company. Eminence Capital LP acquired a new position in shares of La Quinta during the 4th quarter worth about $149,216,000. JPMorgan Chase & Co. raised its holdings in shares of La Quinta by 46.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,079,287 shares of the company’s stock valued at $92,103,000 after purchasing an additional 2,561,415 shares during the period. Vanguard Group Inc. raised its holdings in shares of La Quinta by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,658,222 shares of the company’s stock valued at $98,342,000 after purchasing an additional 131,315 shares during the period. Iridian Asset Management LLC CT raised its holdings in shares of La Quinta by 31.4% in the 4th quarter. Iridian Asset Management LLC CT now owns 5,430,770 shares of the company’s stock valued at $100,252,000 after purchasing an additional 1,296,715 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of La Quinta by 12.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,000,431 shares of the company’s stock valued at $70,008,000 after purchasing an additional 441,290 shares during the period. Institutional investors own 97.29% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Stifel Nicolaus Reaffirms “Hold” Rating for La Quinta (LQ)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/01/stifel-nicolaus-reaffirms-hold-rating-for-la-quinta-lq.html.

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.

Analyst Recommendations for La Quinta (NYSE:LQ)

Receive News & Ratings for La Quinta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for La Quinta and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply