BidaskClub cut shares of La Quinta Holdings Inc. (NYSE:LQ) from a hold rating to a sell rating in a research note released on Thursday morning.

Several other research firms also recently commented on LQ. Zacks Investment Research upgraded shares of La Quinta Holdings from a hold rating to a buy rating and set a $17.00 price target for the company in a research report on Wednesday, July 5th. Morgan Stanley upgraded shares of La Quinta Holdings from an equal weight rating to an overweight rating and upped their price target for the company from $14.50 to $16.00 in a research report on Thursday, June 15th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $13.68.

La Quinta Holdings (NYSE LQ) traded up 0.167% on Thursday, hitting $14.975. 380,439 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $14.69 and its 200-day moving average price is $14.11. La Quinta Holdings has a 12-month low of $9.73 and a 12-month high of $15.39. The company has a market cap of $1.76 billion, a PE ratio of 45.517 and a beta of 1.87.

La Quinta Holdings (NYSE:LQ) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by $0.02. La Quinta Holdings had a net margin of 3.91% and a return on equity of 8.04%. The business had revenue of $234.27 million during the quarter, compared to analysts’ expectations of $232.20 million. Analysts forecast that La Quinta Holdings will post $0.39 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of LQ. Quantitative Systematic Strategies LLC bought a new position in La Quinta Holdings during the second quarter worth $153,000. Envestnet Asset Management Inc. boosted its position in La Quinta Holdings by 26.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 11,401 shares of the company’s stock worth $162,000 after buying an additional 2,351 shares during the period. Oppenheimer Asset Management Inc. bought a new position in La Quinta Holdings during the first quarter worth $176,000. CHICAGO TRUST Co NA boosted its position in La Quinta Holdings by 26.6% in the second quarter. CHICAGO TRUST Co NA now owns 15,081 shares of the company’s stock worth $223,000 after buying an additional 3,166 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in La Quinta Holdings during the first quarter worth $235,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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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