La Quinta (LQ) Downgraded to Market Perform at Wells Fargo & Co

La Quinta (NYSE:LQ) was downgraded by analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a research report issued on Monday, The Fly reports.

Several other research analysts also recently commented on the company. Deutsche Bank raised their target price on La Quinta to $23.00 and gave the stock a “buy” rating in a research note on Friday. Goldman Sachs Group upgraded La Quinta from a “sell” rating to a “neutral” rating in a research note on Friday. Morgan Stanley upgraded La Quinta from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, January 17th. Zacks Investment Research upgraded La Quinta from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, TheStreet downgraded La Quinta from a “b” rating to a “c+” rating in a research report on Thursday, November 2nd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.85.

Shares of La Quinta (LQ) remained flat at $$20.18 during midday trading on Monday. The stock had a trading volume of 3,045,000 shares, compared to its average volume of 1,893,531. La Quinta has a 52 week low of $11.76 and a 52 week high of $21.06. 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 firm has a market cap of $2,347.42, a P/E ratio of 77.62, a P/E/G ratio of 9.10 and a beta of 1.85.

La Quinta (NYSE:LQ) last issued its earnings results on Wednesday, November 1st. The company reported $0.14 EPS for the quarter, missing the 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 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 prior year, the business earned $0.19 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. sell-side analysts predict that La Quinta will post 0.33 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Fox Run Management L.L.C. boosted its position in shares of La Quinta by 17.5% during the 4th quarter. Fox Run Management L.L.C. now owns 38,425 shares of the company’s stock valued at $709,000 after acquiring an additional 5,725 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of La Quinta by 4.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 567,150 shares of the company’s stock valued at $10,470,000 after acquiring an additional 25,054 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of La Quinta by 1,125.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 14,700 shares of the company’s stock valued at $271,000 after acquiring an additional 13,500 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of La Quinta by 39.0% during the 3rd quarter. GSA Capital Partners LLP now owns 84,097 shares of the company’s stock valued at $1,472,000 after acquiring an additional 23,595 shares during the last quarter. Finally, Neuberger Berman Group LLC bought a new stake in shares of La Quinta during the 3rd quarter valued at about $182,000. Hedge funds and other institutional investors own 96.29% 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.

The Fly

Analyst Recommendations for La Quinta (NYSE:LQ)

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