Citigroup Maintains La Quinta Holdings Inc to Neutral with Price Target $12.00

Brokerage firm Citigroup Maintains its rating on La Quinta Holdings Inc(NYSE:LQ). In a research note issued to the investors, the brokerage major Lowers the price-target to $12.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Aug 5, 2016.

In a different note, On Aug 3, 2016, Deutsche Bank said it Maintains its rating on La Quinta Holdings Inc. In the research note, the firm Lowers the price-target to $18.00 per share. The shares have been rated ‘Buy’ by the firm. Wolfe Research said it Initiates Coverage on La Quinta Holdings Inc, according to a research note issued on Jul 6, 2016. The shares have been rated ‘Peer Perform’ by the firm. On Jun 14, 2016, Wells Fargo said it Downgrades its rating on La Quinta Holdings Inc. The shares have been rated ‘Underperform’ by the firm.

La Quinta Holdings Inc (LQ) shares turned negative on Wednesdays trading session with the shares closing down -0.13 points or -1.13% at a volume of 4,33,981. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.5. The peak price level was also seen at $11.5 while the days lowest was $11.3. Finally the shares closed at $11.36. The 52-week high of the shares is $20.41 while the 52-week low is $9.42. According to the latest information available, the market cap of the company is $1,327 M.

La Quinta Holdings Inc(LQ) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $269.56M. Analysts had an estimated revenue of $266.58M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.20.

Several Insider Transactions has been reported to the SEC. On May 4, 2016, Alan J Bowers (director) purchased 4,042 shares at $12.36 per share price.Also, On Jul 16, 2015, Rajiv K. Trivedi (officer ) sold 35,388 shares at $24.04 per share price.On Jul 15, 2015, Julie M. Cary (officer ) sold 9,592 shares at $23.50 per share price, according to the Form-4 filing with the securities and exchange commission.

La Quinta Holdings Inc. is an owner operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale segments under the La Quinta brand. The Company’s segments include owned hotels and franchise and management. Owned hotels segment includes the operation of owned hotel properties located in the United States. Franchise and management segment operations include various franchise and management agreements relating to its owned franchised and managed hotels. As of December 31 2014 the Company’s inventory consisted of 867 hotels representing approximately 86500 rooms located across 47 United States as well as in Canada and Mexico of which 353 hotels were owned and operated and 514 were franchised.

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