La Quinta (NYSE:LQ) had its target price increased by Deutsche Bank to $23.00 in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 13.97% from the stock’s current price.
Several other analysts have also recently commented on LQ. Goldman Sachs Group upgraded La Quinta from a “sell” rating to a “neutral” rating in a report on Friday. Zacks Investment Research upgraded La Quinta from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Morgan Stanley upgraded La Quinta from an “equal weight” rating to an “overweight” rating in a report on Wednesday. UBS Group upgraded La Quinta from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, Wells Fargo & Co upgraded La Quinta from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Friday, October 6th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $18.85.
La Quinta (NYSE LQ) remained flat at $$20.18 during trading hours on Friday. The stock had a trading volume of 3,045,052 shares, compared to its average volume of 1,893,531. The company has a market capitalization of $2,370.00, a P/E ratio of 77.62, a PEG ratio of 9.15 and a beta of 1.85. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.40 and a quick ratio of 1.40. La Quinta has a 52-week low of $11.76 and a 52-week high of $21.06.
La Quinta (NYSE:LQ) last announced its earnings results on Wednesday, November 1st. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.04). La Quinta had a net margin of 3.11% and a return on equity of 6.23%. The company had revenue of $268.60 million during the quarter, compared to the consensus estimate of $272.52 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. sell-side analysts forecast that La Quinta will post 0.33 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the business. Assetmark acquired a new position in shares of La Quinta during the third quarter worth approximately $0. Bridgecreek Investment Management LLC acquired a new position in shares of La Quinta during the fourth quarter worth approximately $513,000. Cambiar Investors LLC raised its position in shares of La Quinta by 18.5% during the fourth quarter. Cambiar Investors LLC now owns 2,167,821 shares of the company’s stock worth $29,504,000 after purchasing an additional 338,824 shares during the period. First Dallas Securities Inc. acquired a new position in shares of La Quinta during the fourth quarter worth approximately $367,000. Finally, Nationwide Fund Advisors raised its position in shares of La Quinta by 2.6% during the fourth quarter. Nationwide Fund Advisors now owns 144,099 shares of the company’s stock worth $1,961,000 after purchasing an additional 3,666 shares during the period. Hedge funds and other institutional investors own 97.19% of the company’s stock.
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.