La Quinta Holdings Inc. (NYSE:LQ) has been given an average recommendation of “Hold” by the thirteen analysts that are currently covering the firm. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $14.29.
A number of equities analysts have issued reports on LQ shares. Deutsche Bank AG reiterated a “buy” rating and set a $18.00 price target on shares of La Quinta Holdings in a research report on Monday, June 27th. Morgan Stanley set a $11.00 price target on La Quinta Holdings and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded La Quinta Holdings from a “sell” rating to a “hold” rating in a research report on Friday, July 15th. TheStreet upgraded La Quinta Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Wolfe Research started coverage on La Quinta Holdings in a report on Wednesday, July 6th. They set a “market perform” rating for the company.
Shares of La Quinta Holdings (NYSE:LQ) opened at 11.03 on Tuesday. The company’s 50-day moving average price is $11.24 and its 200 day moving average price is $11.77. La Quinta Holdings has a 52 week low of $9.42 and a 52 week high of $17.46. The company has a market cap of $1.29 billion, a P/E ratio of 1378.75 and a beta of 1.69.
La Quinta Holdings (NYSE:LQ) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $269.60 million for the quarter, compared to the consensus estimate of $266.78 million. La Quinta Holdings had a return on equity of 9.49% and a net margin of 0.09%. La Quinta Holdings’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 earnings per share. Equities research analysts anticipate that La Quinta Holdings will post $0.54 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in La Quinta Holdings by 46.4% in the second quarter. JPMorgan Chase & Co. now owns 8,079,287 shares of the company’s stock valued at $92,103,000 after buying an additional 2,561,415 shares in the last quarter. UBS Group AG boosted its stake in La Quinta Holdings by 691.5% in the first quarter. UBS Group AG now owns 1,962,857 shares of the company’s stock valued at $24,536,000 after buying an additional 1,714,860 shares in the last quarter. River Road Asset Management LLC raised its position in shares of La Quinta Holdings by 106.2% in the second quarter. River Road Asset Management LLC now owns 2,288,753 shares of the company’s stock valued at $26,092,000 after buying an additional 1,178,623 shares during the last quarter. Norges Bank acquired a new position in shares of La Quinta Holdings during the fourth quarter valued at $11,449,000. Finally, Citadel Advisors LLC raised its position in shares of La Quinta Holdings by 113.0% in the second quarter. Citadel Advisors LLC now owns 1,040,033 shares of the company’s stock valued at $11,856,000 after buying an additional 551,726 shares during the last quarter. 98.80% of the stock is owned by hedge funds and other institutional investors.
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 segments under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment derives its earnings from the operation of owned hotel properties located in the United States.
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