La Quinta (NYSE:LQ) Upgraded at Goldman Sachs Group

Goldman Sachs Group upgraded shares of La Quinta (NYSE:LQ) from a sell rating to a neutral rating in a research note released on Friday, January 19th, MarketBeat reports.

LQ has been the subject of several other research reports. Zacks Investment Research raised La Quinta from a sell rating to a hold rating in a research note on Wednesday, January 3rd. TheStreet lowered La Quinta from a b rating to a c+ rating in a research note on Thursday, November 2nd. UBS Group raised La Quinta from a hold rating to a buy rating in a research note on Thursday, November 2nd. Morgan Stanley raised La Quinta from an equal weight rating to an overweight rating in a research note on Wednesday, January 17th. Finally, Wells Fargo & Co raised La Quinta from a market perform rating to an outperform rating and set a $22.00 price target for the company in a research note on Friday, October 6th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $20.25.

Shares of La Quinta (LQ) traded up $0.19 on Friday, hitting $18.98. The stock had a trading volume of 1,591,466 shares, compared to its average volume of 1,690,000. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $2,230.00, a PE ratio of 73.00, a PEG ratio of 8.05 and a beta of 1.83. La Quinta has a 12-month low of $11.76 and a 12-month high of $21.06.

Several large investors have recently modified their holdings of the company. New York State Common Retirement Fund increased its holdings in shares of La Quinta by 0.7% during the second quarter. New York State Common Retirement Fund now owns 157,357 shares of the company’s stock valued at $2,324,000 after acquiring an additional 1,107 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of La Quinta by 2.1% during the second quarter. Public Employees Retirement System of Ohio now owns 57,972 shares of the company’s stock valued at $856,000 after acquiring an additional 1,179 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of La Quinta by 11.4% during the second quarter. Voya Investment Management LLC now owns 38,884 shares of the company’s stock valued at $574,000 after acquiring an additional 3,994 shares in the last quarter. American International Group Inc. boosted its position in shares of La Quinta by 8.1% during the third quarter. American International Group Inc. now owns 54,716 shares of the company’s stock valued at $958,000 after buying an additional 4,091 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of La Quinta by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 656,841 shares of the company’s stock valued at $12,124,000 after buying an additional 4,673 shares during the last quarter. Hedge funds and other institutional investors own 98.32% of the company’s stock.

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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.

Analyst Recommendations for La Quinta (NYSE:LQ)

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