La Quinta Holdings Inc. Common (NYSE:LQ):
La Quinta Holdings To Report Third Quarter 2016 Earnings And Host Conference Call.
The company is trading unchanged since yesterday’s close of $9.99.
Company shares last traded at $9.99 which is marginally lower than $10.79, the stock’s 50 day moving average and slightly below the 200 day moving average of $11.59. The 50 day moving average was down by -7.44% and the 200 day average went down $-1.60 or -13.82%.
The P/E ratio is 1248.75 and the market cap is 1.17B. As of the latest earnings report the EPS was $0.01 and is estimated to be $0.54 for the current year with 116,796,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.05 with next year’s EPS projected to be $0.52.
A few brokerages have released opinions on the company recently. Equity analyst Wolfe Research started coverage setting a rating of “Peer Perform”. On June 14 the company was rated “” in a report from Wells Fargo down from the previous “Market Perform” rating.
On March 17 the company was downgraded to “Equal-weight” from “Overweight” and a price target of $12.00 was set by Morgan Stanley. Equity analyst Morgan Stanley downgraded the stock and lowered the price target on March 17 cutting the price target from $13.00 to $12.00 and moving the rating from “Overweight” to “Equal-weight”.
On February 25 the stock rating was downgraded from “Buy” to “Hold” with a current price target of $0.00 by analysts at Stifel Nicolaus. On February 25 JP Morgan left the company rating at “Neutral” and lowered the price expectation from $15.00 to $13.00.