La Quinta (LQ) Upgraded to Neutral by Goldman Sachs Group

Goldman Sachs Group upgraded shares of La Quinta (NYSE:LQ) from a sell rating to a neutral rating in a report published on Friday morning, MarketBeat Ratings reports.

LQ has been the subject of a number of other research reports. Zacks Investment Research downgraded La Quinta from a buy rating to a hold rating in a report on Friday, November 3rd. Wells Fargo & Co raised La Quinta from a market perform rating to an outperform rating and set a $22.00 target price for the company in a report on Friday, October 6th. Morgan Stanley raised La Quinta from an equal weight rating to an overweight rating in a report on Wednesday, January 17th. UBS Group raised La Quinta from a hold rating to a buy rating in a report on Thursday, November 2nd. Finally, TheStreet downgraded La Quinta from a b rating to a c+ rating in a report on Thursday, November 2nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $18.85.

La Quinta (NYSE:LQ) remained flat at $$20.18 during trading on Friday. The stock had a trading volume of 3,045,000 shares, compared to its average volume of 1,893,531. 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 12-month low of $11.76 and a 12-month high of $21.06. The stock has a market cap of $2,347.42, a price-to-earnings ratio of 77.62, a P/E/G ratio of 9.10 and a beta of 1.85.

La Quinta (NYSE:LQ) last released its earnings results on Wednesday, November 1st. The company reported $0.14 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $268.60 million for the quarter, compared to analyst estimates of $272.52 million. During the same period last year, the firm earned $0.19 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. equities analysts expect that La Quinta will post 0.33 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in La Quinta by 2.0% during the second quarter. Vanguard Group Inc. now owns 6,658,222 shares of the company’s stock valued at $98,342,000 after acquiring an additional 131,315 shares in the last quarter. Iridian Asset Management LLC CT raised its position in La Quinta by 1,523.0% during the third quarter. Iridian Asset Management LLC CT now owns 4,134,055 shares of the company’s stock valued at $72,346,000 after acquiring an additional 3,879,335 shares in the last quarter. Dimensional Fund Advisors LP raised its position in La Quinta by 12.4% during the third quarter. Dimensional Fund Advisors LP now owns 4,000,431 shares of the company’s stock valued at $70,008,000 after acquiring an additional 441,290 shares in the last quarter. State Street Corp raised its position in La Quinta by 2.4% during the second quarter. State Street Corp now owns 1,728,787 shares of the company’s stock valued at $25,533,000 after acquiring an additional 40,093 shares in the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new position in La Quinta during the third quarter valued at approximately $13,125,000. Institutional investors own 96.29% 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.

Analyst Recommendations for La Quinta (NYSE:LQ)

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