La Quinta Holdings Inc. (LQ) Downgraded by Zacks Investment Research

La Quinta Holdings Inc. (NYSE:LQ) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, November 3rd.

According to Zacks, “La Quinta Holdings Inc. is an owner, operator and franchisor of select-service hotels in the United States, primarily serving the midscale and upper-midscale segments. It provides franchise services to hotels in the U.S., Canada and Mexico under the La Quinta Inns & Suites (TM) and La Quinta Inn (TM) brands. La Quinta Holdings Inc. is headquartered in Irving, Texas. “

A number of other research firms also recently weighed in on LQ. UBS AG upgraded shares of La Quinta Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Wells Fargo & Company upgraded shares of La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Friday, October 6th. BidaskClub downgraded shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, TheStreet upgraded shares of La Quinta Holdings from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. La Quinta Holdings has a consensus rating of “Hold” and an average price target of $17.81.

La Quinta Holdings (NYSE LQ) traded up $0.23 during trading hours on Friday, reaching $17.59. 839,000 shares of the company were exchanged, compared to its average volume of 1,192,033. La Quinta Holdings has a 1-year low of $11.76 and a 1-year high of $18.53. The company has a market capitalization of $2,004.95, a price-to-earnings ratio of 47.42, a price-to-earnings-growth ratio of 13.79 and a beta of 1.87. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.38.

La Quinta Holdings (NYSE:LQ) last announced its quarterly earnings data 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 firm had revenue of $268.60 million for the quarter, compared to analyst estimates of $272.52 million. La Quinta Holdings had a return on equity of 6.23% and a net margin of 3.11%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 earnings per share. analysts anticipate that La Quinta Holdings will post 0.33 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Quantitative Systematic Strategies LLC purchased a new position in shares of La Quinta Holdings in the 2nd quarter worth about $153,000. Neuberger Berman Group LLC purchased a new position in shares of La Quinta Holdings in the 3rd quarter worth about $182,000. Sterling Capital Management LLC bought a new stake in La Quinta Holdings in the 2nd quarter valued at about $159,000. Institute for Wealth Management LLC. bought a new stake in La Quinta Holdings in the 2nd quarter valued at about $175,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in La Quinta Holdings in the 1st quarter valued at about $176,000. 98.74% of the stock is currently owned by hedge funds and other institutional investors.

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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