News articles about La Quinta (NYSE:LQ) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. La Quinta earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.6242381743657 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- La Quinta (LQ) Downgraded to Market Perform at Wells Fargo & Co (americanbankingnews.com)
- La Quinta (LQ) Upgraded to “Neutral” by Goldman Sachs Group (americanbankingnews.com)
- La Quinta (LQ) PT Raised to $23.00 (americanbankingnews.com)
- ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of La Quinta Holdings Inc. (finance.yahoo.com)
- Wyndham Worldwide and La Quinta Holdings Announce Acquisition Agreement [inactive] (hospitalitynet.org)
LQ has been the topic of a number of research reports. TheStreet lowered shares of La Quinta from a “b” rating to a “c+” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of La Quinta from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, October 11th. Wells Fargo & Co raised shares of La Quinta from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Friday, October 6th. UBS Group raised shares of La Quinta from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Morgan Stanley raised shares of La Quinta from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, January 17th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. La Quinta has an average rating of “Hold” and an average target price of $18.85.
La Quinta (NYSE:LQ) last released 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). La Quinta had a return on equity of 6.23% and a net margin of 3.11%. The business had revenue of $268.60 million during the quarter, compared to analysts’ expectations of $272.52 million. During the same period last year, the business earned $0.19 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. sell-side analysts forecast that La Quinta will post 0.33 EPS for the current year.
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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.
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