La Quinta Holdings (LQ) : The consensus on La Quinta Holdings (LQ) based on 8 analyst recommendation on the company stock is 3.13, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on La Quinta Holdings (LQ).
La Quinta Holdings (LQ) : The highest short term price target forecast on La Quinta Holdings (LQ) is $17 and the lowest target price is $11. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $13 with a standard deviation of $3.46.
Company shares have received an average consensus rating of Hold for the current week La Quinta Holdings (NYSE:LQ): The stock opened at $11.41 on Thursday but the bulls could not build on the opening and the stock topped out at $11.56 for the day. The stock traded down to $11.26 during the day, due to lack of any buying support eventually closed down at $11.28 with a loss of -0.70% for the day. The stock had closed at $11.36 on the previous day. The total traded volume was 330,237 shares.
In a related news, 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 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.