La Quinta Holdings Inc. (NYSE:LQ) was upgraded by stock analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a report issued on Friday, October 6th, Marketbeat reports. The firm presently has a $22.00 price objective on the stock. Wells Fargo & Company’s target price points to a potential upside of 22.22% from the company’s current price.
Other analysts have also issued research reports about the company. TheStreet raised La Quinta Holdings from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Zacks Investment Research raised La Quinta Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday, July 5th. BidaskClub raised La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Morgan Stanley upgraded La Quinta Holdings from an “equal weight” rating to an “overweight” rating and upped their price objective 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $16.08.
La Quinta Holdings (NYSE:LQ) opened at 18.00 on Friday. La Quinta Holdings has a 12 month low of $9.73 and a 12 month high of $18.53. The stock’s 50 day moving average price is $17.03 and its 200-day moving average price is $15.11. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 50.85 and a beta of 1.88.
La Quinta Holdings (NYSE:LQ) last posted its earnings results on Monday, August 7th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The company had revenue of $263.40 million for the quarter, compared to analyst estimates of $260.44 million. La Quinta Holdings had a return on equity of 7.28% and a net margin of 4.13%. La Quinta Holdings’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. Equities research analysts predict that La Quinta Holdings will post $0.40 EPS for the current year.
Several large investors have recently modified their holdings of LQ. First Eagle Investment Management LLC lifted its position in shares of La Quinta Holdings by 68.6% in the second quarter. First Eagle Investment Management LLC now owns 3,092,505 shares of the company’s stock valued at $45,676,000 after acquiring an additional 1,258,565 shares in the last quarter. Scopus Asset Management L.P. purchased a new stake in shares of La Quinta Holdings in the first quarter valued at $13,520,000. Dimensional Fund Advisors LP lifted its position in shares of La Quinta Holdings by 29.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,475,351 shares of the company’s stock valued at $46,986,000 after acquiring an additional 788,538 shares in the last quarter. Bank of Montreal Can lifted its position in shares of La Quinta Holdings by 32,325.9% in the second quarter. Bank of Montreal Can now owns 614,796 shares of the company’s stock valued at $9,081,000 after acquiring an additional 612,900 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of La Quinta Holdings by 12.8% in the first quarter. Citadel Advisors LLC now owns 3,087,851 shares of the company’s stock valued at $41,748,000 after acquiring an additional 349,367 shares in the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.
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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