Morgan Stanley Increases La Quinta (LQ) Price Target to $23.00

La Quinta (NYSE:LQ) had its price objective raised by analysts at Morgan Stanley from $21.00 to $23.00 in a research report issued to clients and investors on Tuesday. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 20.99% from the company’s current price.

A number of other research analysts also recently issued reports on the company. TheStreet downgraded La Quinta from a “b” rating to a “c+” rating in a report on Thursday, November 2nd. Zacks Investment Research downgraded La Quinta from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. UBS Group upgraded La Quinta from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Wells Fargo & Co downgraded La Quinta from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Finally, Goldman Sachs Group upgraded La Quinta from a “sell” rating to a “neutral” rating in a research note on Friday, January 19th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. La Quinta presently has an average rating of “Hold” and an average price target of $20.25.

La Quinta (NYSE LQ) opened at $19.01 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.38. The stock has a market capitalization of $2,193.87, a PE ratio of 71.77, a P/E/G ratio of 8.14 and a beta of 1.83. La Quinta has a fifty-two week low of $11.76 and a fifty-two week high of $21.06.

A number of hedge funds have recently bought and sold shares of LQ. Sterling Capital Management LLC bought a new position in La Quinta in the second quarter valued at approximately $159,000. Neuberger Berman Group LLC bought a new position in La Quinta in the third quarter valued at approximately $182,000. Virtu Financial LLC bought a new position in La Quinta in the fourth quarter valued at approximately $219,000. SG Americas Securities LLC bought a new position in La Quinta in the third quarter valued at approximately $232,000. Finally, Brown Advisory Inc. bought a new position in La Quinta in the fourth quarter valued at approximately $253,000. 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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