Analyst Rating Update on La Quinta Holdings (LQ)

La Quinta Holdings (NYSE:LQ) : 1 brokerage houses believe that La Quinta Holdings (NYSE:LQ) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on La Quinta Holdings (NYSE:LQ). Zacks Investment Research suggests a Sell with a rank of 4. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 3.14.

La Quinta Holdings (NYSE:LQ) : Currently there are 3 street experts covering La Quinta Holdings (NYSE:LQ) stock. The most bullish and bearish price target for the stock is $18 and $11 respectively for the short term. The average price target of all the analysts comes to $13.67. The estimated standard deviation from the target is $3.79.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Wells Fargo, downgrades their rating on the shares of La Quinta Holdings (NYSE:LQ). Wells Fargo has a Underperform rating on the shares. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on June 14, 2016.

La Quinta Holdings (NYSE:LQ): On Tuesdays trading session , Opening price of the stock was $11.01 with an intraday high of $11.14. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.67. However, the stock managed to close at $10.78, a loss of 0.92% for the day. On the previous day, the stock had closed at $10.88. The total traded volume of the day was 904,847 shares.

In an insider trading activity, 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.

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