La Quinta Holdings Inc (LQ) Receives Consensus Recommendation of “Hold” from Brokerages

La Quinta Holdings Inc (NYSE:LQ) has been assigned an average rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $23.00.

A number of analysts have commented on LQ shares. Stifel Nicolaus restated a “hold” rating on shares of La Quinta in a research report on Thursday, February 1st. Deutsche Bank boosted their target price on shares of La Quinta to $23.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Goldman Sachs Group upgraded shares of La Quinta from a “sell” rating to a “neutral” rating in a report on Friday, January 19th. Wells Fargo & Co downgraded shares of La Quinta from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Finally, UBS Group upgraded shares of La Quinta from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd.

A number of institutional investors and hedge funds have recently made changes to their positions in LQ. Sterling Capital Management LLC purchased a new position in La Quinta during the second quarter valued at approximately $159,000. Neuberger Berman Group LLC purchased a new position in La Quinta during the third quarter valued at approximately $182,000. Virtu Financial LLC purchased a new position in La Quinta during the fourth quarter valued at approximately $219,000. SG Americas Securities LLC purchased a new position in La Quinta during the third quarter valued at approximately $232,000. Finally, Nisa Investment Advisors LLC grew its position in La Quinta by 1,125.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 14,700 shares of the company’s stock valued at $271,000 after purchasing an additional 13,500 shares in the last quarter. 97.30% of the stock is currently owned by hedge funds and other institutional investors.

La Quinta (LQ) traded up $0.34 during trading on Friday, reaching $18.86. 1,291,253 shares of the company’s stock were exchanged, compared to its average volume of 1,673,395. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $2,206.67, a price-to-earnings ratio of 72.54, a price-to-earnings-growth ratio of 8.19 and a beta of 1.83. La Quinta has a 52-week low of $11.76 and a 52-week high of $21.06.

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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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