Analyst Price Target Update on La Quinta Holdings (NYSE:LQ)

La Quinta Holdings (NYSE:LQ): The mean short term price target for La Quinta Holdings (NYSE:LQ) has been established at $13.67 per share. The higher price target estimate is at $18 and the lower price target estimate is expected at $11 according to 3 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $3.79

Many analysts have stated their opinion on the company shares. Morgan Stanley downgrades its view on La Quinta Holdings (NYSE:LQ) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. Morgan Stanley lowers the price target from $13 per share to $12 per share on La Quinta Holdings . The rating by the firm was issued on March 17, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of La Quinta Holdings Inc., Bowers Alan J, had purchased 4,042 shares in a transaction dated on May 2, 2016. The transaction was executed at $12.36 per share with total amount equaling $49,959.

La Quinta Holdings (NYSE:LQ) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.21 points or 1.83% at $11.27 with 1,293,836 shares getting traded. Post opening the session at $11.39, the shares hit an intraday low of $11.24 and an intraday high of $11.51 and the price was in this range throughout the day. The company has a market cap of $1,352 million and the number of outstanding shares have been calculated to be 119,958,798 shares. The 52-week high of La Quinta Holdings (NYSE:LQ) is $24.21 and the 52-week low is $9.42.

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 Companys 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 Companys inventory consisted of 867 hotels representing approximately 86,500 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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