La Quinta Holdings Inc. (LQ) Upgraded by UBS AG to Buy

UBS AG upgraded shares of La Quinta Holdings Inc. (NYSE:LQ) from a hold rating to a buy rating in a report issued on Thursday, November 2nd, The Fly reports.

LQ has been the topic of several other reports. TheStreet upgraded shares of La Quinta Holdings from a c rating to a b rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of La Quinta Holdings from a hold rating to a buy rating and set a $20.00 target price on the stock in a research report on Wednesday, October 11th. Wells Fargo & Company upgraded shares of La Quinta Holdings from a market perform rating to an outperform rating and set a $22.00 price target on the stock in a research report on Friday, October 6th. Finally, BidaskClub upgraded shares of La Quinta Holdings from a sell rating to a hold rating in a research report on Saturday, August 5th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. La Quinta Holdings currently has a consensus rating of Hold and an average price target of $17.81.

La Quinta Holdings (NYSE LQ) traded up $0.07 on Thursday, hitting $17.07. 1,312,200 shares of the stock were exchanged, compared to its average volume of 1,195,439. La Quinta Holdings has a one year low of $10.78 and a one year high of $18.53. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.38. The firm has a market cap of $1,996.73, a P/E ratio of 47.22, a P/E/G ratio of 13.74 and a beta of 1.87.

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

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Several large investors have recently added to or reduced their stakes in LQ. Bank of America Corp DE increased its stake in La Quinta Holdings by 1.9% during the 1st quarter. Bank of America Corp DE now owns 22,770 shares of the company’s stock valued at $308,000 after purchasing an additional 433 shares in the last quarter. New York State Common Retirement Fund increased its stake in La Quinta Holdings by 0.7% during the 2nd quarter. New York State Common Retirement Fund now owns 157,357 shares of the company’s stock valued at $2,324,000 after purchasing an additional 1,107 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in La Quinta Holdings by 2.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 57,972 shares of the company’s stock valued at $856,000 after purchasing an additional 1,179 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in La Quinta Holdings by 2.2% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 61,943 shares of the company’s stock valued at $837,000 after purchasing an additional 1,316 shares in the last quarter. Finally, CHICAGO TRUST Co NA increased its stake in La Quinta Holdings by 26.6% during the 2nd quarter. CHICAGO TRUST Co NA now owns 15,081 shares of the company’s stock valued at $223,000 after purchasing an additional 3,166 shares in the last quarter. Institutional investors own 96.15% 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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