Morgan Stanley set a $23.00 price target on La Quinta (NYSE:LQ) in a research report sent to investors on Tuesday morning. The firm currently has a buy rating on the stock.
Several other research analysts also recently weighed in on LQ. Stifel Nicolaus reiterated a hold rating on shares of La Quinta in a research note on Thursday, February 1st. Deutsche Bank lifted their price target on La Quinta to $23.00 and gave the company a buy rating in a research note on Friday, January 19th. Goldman Sachs Group upgraded La Quinta from a sell rating to a neutral rating in a research note on Friday, January 19th. UBS Group upgraded La Quinta from a hold rating to a buy rating in a research note on Thursday, November 2nd. Finally, Wells Fargo & Co downgraded La Quinta from an outperform rating to a market perform rating in a research note on Monday, January 22nd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $20.25.
Shares of La Quinta (NYSE LQ) traded up $0.08 during mid-day trading on Tuesday, hitting $19.10. The company’s stock had a trading volume of 133,355 shares, compared to its average volume of 1,609,823. La Quinta has a one year low of $11.76 and a one year high of $21.06. The stock has a market cap of $2,207.83, a P/E ratio of 52.72, a P/E/G ratio of 8.50 and a beta of 1.83. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.38.
Several institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund boosted its stake in shares of La Quinta by 0.7% in 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 buying an additional 1,107 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in 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 worth $856,000 after purchasing an additional 1,179 shares in the last quarter. Voya Investment Management LLC boosted its position in La Quinta by 11.4% during the second quarter. Voya Investment Management LLC now owns 38,884 shares of the company’s stock worth $574,000 after purchasing an additional 3,994 shares in the last quarter. American International Group Inc. boosted its position in La Quinta by 8.1% during the third quarter. American International Group Inc. now owns 54,716 shares of the company’s stock worth $958,000 after purchasing an additional 4,091 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in La Quinta by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 656,841 shares of the company’s stock worth $12,124,000 after purchasing an additional 4,673 shares in the last quarter. Hedge funds and other institutional investors own 98.32% of the company’s stock.
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About La Quinta
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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