Analysts Set La Quinta Holdings Inc. (LQ) Price Target at $15.29

Shares of La Quinta Holdings Inc. (NYSE:LQ) have earned an average rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $15.29.

LQ has been the subject of several recent analyst reports. Morgan Stanley raised shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $14.50 to $16.00 in a research note on Thursday, June 15th. They noted that the move was a valuation call. Zacks Investment Research raised shares of La Quinta Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, July 5th. BidaskClub cut shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. TheStreet raised shares of La Quinta Holdings from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Finally, Wells Fargo & Company raised shares of La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Friday.

Shares of La Quinta Holdings (LQ) traded up 2.08% on Friday, reaching $18.13. The company had a trading volume of 3,024,562 shares. The firm has a 50-day moving average price of $16.49 and a 200 day moving average price of $14.88. La Quinta Holdings has a 1-year low of $9.73 and a 1-year high of $18.13. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 51.21 and a beta of 1.88.

La Quinta Holdings (NYSE:LQ) last released its earnings results on Monday, August 7th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The firm had revenue of $263.40 million during the quarter, compared to analysts’ expectations of $260.44 million. La Quinta Holdings had a net margin of 4.13% and a return on equity of 7.28%. La Quinta Holdings’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. Equities research analysts predict that La Quinta Holdings will post $0.40 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Analysts Set La Quinta Holdings Inc. (LQ) Price Target at $15.29” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://ledgergazette.com/2017/10/10/analysts-set-la-quinta-holdings-inc-lq-price-target-at-15-29.html.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantitative Systematic Strategies LLC purchased a new stake in shares of La Quinta Holdings during the 2nd quarter valued at $153,000. Sterling Capital Management LLC purchased a new stake in shares of La Quinta Holdings during the 2nd quarter valued at $159,000. Institute for Wealth Management LLC. purchased a new stake in shares of La Quinta Holdings during the 2nd quarter valued at $175,000. Oppenheime

LQ has been the subject of several recent analyst reports. Morgan Stanley raised shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $14.50 to $16.00 in a research note on Thursday, June 15th. They noted that the move was a valuation call. Zacks Investment Research raised shares of La Quinta Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, July 5th. BidaskClub cut shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. TheStreet raised shares of La Quinta Holdings from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Finally, Wells Fargo & Company raised shares of La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Friday.

Shares of La Quinta Holdings (LQ) traded up 2.08% on Friday, reaching $18.13. The company had a trading volume of 3,024,562 shares. The firm has a 50-day moving average price of $16.49 and a 200 day moving average price of $14.88. La Quinta Holdings has a 1-year low of $9.73 and a 1-year high of $18.13. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 51.21 and a beta of 1.88.

La Quinta Holdings (NYSE:LQ) last released its earnings results on Monday, August 7th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The firm had revenue of $263.40 million during the quarter, compared to analysts’ expectations of $260.44 million. La Quinta Holdings had a net margin of 4.13% and a return on equity of 7.28%. La Quinta Holdings’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. Equities research analysts predict that La Quinta Holdings will post $0.40 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Analysts Set La Quinta Holdings Inc. (LQ) Price Target at $15.29” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://ledgergazette.com/2017/10/10/analysts-set-la-quinta-holdings-inc-lq-price-target-at-15-29.html.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantitative Systematic Strategies LLC purchased a new stake in shares of La Quinta Holdings during the 2nd quarter valued at $153,000. Sterling Capital Management LLC purchased a new stake in shares of La Quinta Holdings during the 2nd quarter valued at $159,000. Institute for Wealth Management LLC. purchased a new stake in shares of La Quinta Holdings during the 2nd quarter valued at $175,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of La Quinta Holdings during the 1st quarter valued at $176,000. Finally, Wolverine Trading LLC purchased a new stake in shares of La Quinta Holdings during the 2nd quarter valued at $208,000. 97.02% of the stock is owned by 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 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.

Analyst Recommendations for La Quinta Holdings (NYSE:LQ)

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