LQ has been the topic of several other reports. Zacks Investment Research lowered La Quinta Holdings from a buy rating to a hold rating in a report on Friday, November 3rd. BidaskClub raised La Quinta Holdings from a sell rating to a hold rating in a report on Saturday, August 5th. Wells Fargo & Company raised La Quinta Holdings from a market perform rating to an outperform rating and set a $22.00 price objective on the stock in a report on Friday, October 6th. Finally, UBS AG raised La Quinta Holdings from a hold rating to a buy rating in a report on Thursday, November 2nd. 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 a consensus price target of $17.81.
La Quinta Holdings (NYSE LQ) traded up $0.07 during trading on Thursday, reaching $17.07. The company had a trading volume of 1,312,200 shares, compared to its average volume of 1,195,439. The firm has a market capitalization of $1,996.73, a price-to-earnings ratio of 47.22, a price-to-earnings-growth ratio of 13.74 and a beta of 1.87. La Quinta Holdings has a 12-month low of $10.78 and a 12-month high of $18.53. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.40 and a current ratio of 1.40.
La Quinta Holdings (NYSE:LQ) last posted its earnings results on Wednesday, November 1st. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). La Quinta Holdings had a return on equity of 6.23% and a net margin of 3.11%. The company had revenue of $268.60 million for the quarter, compared to analyst estimates of $272.52 million. During the same period last year, the business earned $0.19 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. sell-side analysts anticipate that La Quinta Holdings will post 0.33 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC purchased a new position in shares of La Quinta Holdings in the second quarter valued at approximately $153,000. Neuberger Berman Group LLC purchased a new position in shares of La Quinta Holdings in the third quarter valued at approximately $182,000. Sterling Capital Management LLC purchased a new position in shares of La Quinta Holdings in the second quarter valued at approximately $159,000. Institute for Wealth Management LLC. purchased a new position in shares of La Quinta Holdings in the second quarter valued at approximately $175,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of La Quinta Holdings in the first quarter valued at approximately $176,000. Institutional investors and hedge funds 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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