La Quinta (NYSE:LQ) Getting Somewhat Positive News Coverage, Accern Reports

Press coverage about La Quinta (NYSE:LQ) has been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. La Quinta earned a daily sentiment score of 0.00 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.5572402997426 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of La Quinta (NYSE LQ) traded up $0.14 during midday trading on Thursday, reaching $18.46. 1,289,835 shares of the company’s stock traded hands, compared to its average volume of 671,567. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.40 and a current ratio of 1.40. La Quinta has a 1 year low of $11.76 and a 1 year high of $18.59. The firm has a market cap of $2,150.00, a PE ratio of 71.00, a P/E/G ratio of 12.11 and a beta of 1.85.

La Quinta (NYSE:LQ) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.04). La Quinta had a return on equity of 6.23% and a net margin of 3.11%. The firm had revenue of $268.60 million for the quarter, compared to analyst estimates of $272.52 million. During the same quarter last year, the company earned $0.19 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. analysts expect that La Quinta will post 0.33 EPS for the current year.

Several equities analysts recently commented on LQ shares. TheStreet downgraded shares of La Quinta from a “b” rating to a “c+” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of La Quinta from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Wednesday, October 11th. Wells Fargo & Co raised shares of La Quinta from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Friday, October 6th. Finally, UBS Group raised shares of La Quinta from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. La Quinta has a consensus rating of “Buy” and an average price target of $17.81.

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La Quinta Company Profile

La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale sectors under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment is engaged in the operation of owned hotel properties.

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