La Quinta Holdings (NYSE:LQ) Rating Reaffirmed
The broker has just set a target price per share of $19 on La Quinta Holdings (NYSE:LQ) shares. This is 34.28% from the close price. In a note issued to investors and clients on Monday, 14 December, Stifel maintained their “Buy” rating on shares of LQ.
From a total of 10 analysts covering La Quinta Holdings (NYSE:LQ) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $23 while the lowest target price is $15. The mean of all analyst targets is $19.25 with a 46.08% above today’s ($14.15) stock price. La Quinta Holdings was the topic of 13 analyst reports since August 20, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus maintained shares on November 16 with “Buy” rating. Bank of America downgraded LQ stock in a recent report from October 29 to “Underperform” rating. Finally, Wells Fargo downgraded the stock to “Market Perform” rating in a report issued on an October 29.
The stock decreased 2.62% or $0.38 on December 11, striking $14.15. Approximately shares of stock traded hands. La Quinta Holdings Inc (NYSE:LQ) has declined 41.79% since May 11, 2015 and is downtrending. It has underperformed by 37.38% the S&P500.
La Quinta Holdings Inc. is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale divisions under the La Quinta brand. The company has a market cap of $1.83 billion. The Company’s divisions include owned hotels and franchise and management. It has 130.06 P/E ratio. Owned hotels segment includes the operation of owned hotel properties located in the United States.
According to Zacks Investment Research, “La Quinta Holdings Inc. is an owner, operator and franchisor of select-service hotels in the United States, primarily serving the midscale and upper-midscale segments. It provides franchise services to hotels in the U.S., Canada and Mexico under the La Quinta Inns & Suites (TM) and La Quinta Inn (TM) brands. La Quinta Holdings Inc. is headquartered in Irving, Texas.”