Zacks Investment Research downgraded La Quinta Holdings Inc (NYSE:LQ) to Sell in a report released today.
- Updated: October 9, 2016
Just yesterday La Quinta Holdings Inc (NYSE:LQ) traded -1.81% lower at $10.86. La Quinta Holdings Inc’s 50-day moving average is $11.22 and its 200-day moving average is $11.76. The last stock price is down -7.91% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 470,655 shares of LQ traded hands, down from an average trading volume of 755,182
Zacks Investment Research has downgraded La Quinta Holdings Inc (NYSE:LQ) to Sell in a report released on 10/5/2016.
Recent Performance Chart
La Quinta Holdings Inc has 52 week low of $9.42 and a 52 week high of $17.46 with a PE ratio of 1,353.75 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 8 brokerages have issued a ratings update on the company. The average stock price target is $13.63 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On La Quinta Holdings Inc (NYSE:LQ)
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 Company's segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment derives its earnings from the operation of owned hotel properties located in the United States. The Company operates its franchise and management segment under various franchise and management agreements relating to its owned, franchised and managed hotels. The corporate and other segment includes revenues generated by and related to operating expenses incurred in connection with the overall support and brand management of the Company's owned, managed and franchised hotels and operations. Its portfolio includes approximately 890 hotels representing approximately 87,500 rooms located predominantly across over 48 the United States' states, as well as in Canada, Mexico and Honduras.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.