La Quinta Holdings Inc (LQ) Given Consensus Rating of “Buy” by Brokerages

Shares of La Quinta Holdings Inc (NYSE:LQ) have been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $17.08.

Several research analysts have recently issued reports on LQ shares. TheStreet cut shares of La Quinta from a “b” rating to a “c+” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of La Quinta from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Wednesday, October 11th. Wells Fargo & Co upgraded shares of La Quinta from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Friday, October 6th. Finally, UBS Group upgraded shares of La Quinta from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd.

Shares of La Quinta (LQ) traded up $0.01 during trading on Monday, hitting $18.47. 1,185,400 shares of the stock traded hands, compared to its average volume of 728,656. La Quinta has a fifty-two week low of $11.76 and a fifty-two week high of $18.59. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $2,169.39, a PE ratio of 71.04, a price-to-earnings-growth ratio of 8.69 and a beta of 1.85.

La Quinta (NYSE:LQ) last issued its earnings results on Wednesday, November 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). La Quinta 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 company posted $0.19 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. analysts expect that La Quinta will post 0.33 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in La Quinta by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,658,222 shares of the company’s stock worth $98,342,000 after purchasing an additional 131,315 shares during the period. Iridian Asset Management LLC CT boosted its stake in La Quinta by 1,523.0% during the 3rd quarter. Iridian Asset Management LLC CT now owns 4,134,055 shares of the company’s stock worth $72,346,000 after purchasing an additional 3,879,335 shares during the period. Dimensional Fund Advisors LP boosted its stake in La Quinta by 12.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,000,431 shares of the company’s stock worth $70,008,000 after purchasing an additional 441,290 shares during the period. State Street Corp boosted its stake in La Quinta by 2.4% during the 2nd quarter. State Street Corp now owns 1,728,787 shares of the company’s stock worth $25,533,000 after purchasing an additional 40,093 shares during the period. Finally, Davidson Kempner Capital Management LP acquired a new stake in La Quinta during the 3rd quarter worth $13,125,000. Hedge funds and other institutional investors own 97.19% of the company’s stock.

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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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