La Quinta Holdings (NYSE:LQ) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.14 by 7 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Wells Fargo downgrades its rating on La Quinta Holdings (NYSE:LQ). Analysts at the Wells Fargo have a current rating of Underperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on June 14, 2016.
La Quinta Holdings (NYSE:LQ): According to 3 Analysts, The short term target price has been estimated at $ 13.67.The target price could deviate by a maximum of $3.79 from the forecast price. In the near term, the target price could hit a high of $18 and a low of $ 11.
La Quinta Holdings (NYSE:LQ) witnessed a decline in the market cap on Tuesday as its shares dropped 1.12% or 0.13 points. After the session commenced at $11.67, the stock reached the higher end at $11.7 while it hit a low of $11.4. With the volume soaring to 954,609 shares, the last trade was called at $11.5. The company has a 52-week high of $24.18. The company has a market cap of $1,380 million and there are 119,958,798 shares in outstanding. The 52-week low of the share price is $9.42.
Shares of La Quinta Holdings Inc. appreciated by 6.48% during the last five trading days but lost 0.26% on a 4-week basis. La Quinta Holdings Inc. has dropped 7.41% during the last 3-month period . Year-to-Date the stock performance stands at -15.5%.
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.