TheStreet Downgrades La Quinta Holdings Inc. (LQ) to C+

TheStreet downgraded shares of La Quinta Holdings Inc. (NYSE:LQ) from a b rating to a c+ rating in a research note issued to investors on Thursday, November 2nd.

LQ has been the subject of a number of other reports. Zacks Investment Research downgraded La Quinta Holdings from a buy rating to a hold rating in a research note on Friday, July 21st. UBS AG upgraded La Quinta Holdings from a hold rating to a buy rating in a research note on Thursday, November 2nd. Wells Fargo & Company upgraded La Quinta Holdings from a market perform rating to an outperform rating and set a $22.00 price objective for the company in a research note on Friday, October 6th. Finally, BidaskClub downgraded La Quinta Holdings from a hold rating to a sell rating in a research note on Thursday, July 27th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. La Quinta Holdings presently has a consensus rating of Hold and a consensus target price of $17.81.

Shares of La Quinta Holdings (NYSE LQ) opened at $17.36 on Thursday. The stock has a market capitalization of $2,004.95, a PE ratio of 47.42, a price-to-earnings-growth ratio of 13.79 and a beta of 1.87. La Quinta Holdings has a 52 week low of $11.76 and a 52 week high of $18.53. 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 Holdings (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 the Zacks’ consensus estimate of $0.18 by ($0.04). The firm had revenue of $268.60 million for the quarter, compared to the consensus estimate of $272.52 million. La Quinta Holdings had a net margin of 3.11% and a return on equity of 6.23%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 earnings per share. equities research analysts anticipate that La Quinta Holdings will post 0.33 earnings per share for the current year.

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Hedge funds have recently bought and sold shares of the business. Quantitative Systematic Strategies LLC bought a new position in La Quinta Holdings in the 2nd quarter worth approximately $153,000. Neuberger Berman Group LLC bought a new position in La Quinta Holdings in the 3rd quarter worth approximately $182,000. Sterling Capital Management LLC bought a new position in La Quinta Holdings in the 2nd quarter worth approximately $159,000. Institute for Wealth Management LLC. bought a new position in La Quinta Holdings in the 2nd quarter worth approximately $175,000. Finally, Oppenheimer Asset Management Inc. bought a new position in La Quinta Holdings in the 1st quarter worth approximately $176,000. Institutional investors and hedge funds own 98.74% 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.

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