La Quinta Holdings (LQ) : The consensus on La Quinta Holdings (LQ) based on 7 analyst recommendation on the company stock is 3.14, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 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 consensus price target for La Quinta Holdings (LQ) is $13.67 for the short term with a standard deviation of $3.79. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $11.
La Quinta Holdings (NYSE:LQ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.23 and $11.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.35, notching a gain of 0.18% for the day. The total traded volume was 444,991 . The stock had closed at $11.33 on the previous day.
Also, In the latest statement by the brokerage house, Wells Fargo downgrades its outlook on La Quinta Holdings (NYSE:LQ). The current rating of the shares is Underperform, according to the research report released by the firm. Previously, the company had a rating of Market Perform. The rating by the firm was issued on June 14, 2016. The company shares have dropped -50.24% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $24.18 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $11.62 and the 200 Day Moving Average price is recorded at $11.78.
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.