La Quinta (NYSE:LQ) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report released on Wednesday.

A number of other equities analysts have also weighed in on LQ. Wells Fargo & Co upgraded La Quinta from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Friday, October 6th. Zacks Investment Research upgraded La Quinta from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Wednesday, October 11th. UBS Group upgraded La Quinta from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, TheStreet lowered La Quinta from a “b” rating to a “c+” rating in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. La Quinta presently has a consensus rating of “Buy” and a consensus target price of $17.81.

La Quinta (NYSE:LQ) opened at $18.44 on Wednesday. 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 1 year low of $11.76 and a 1 year high of $18.82. The firm has a market capitalization of $2,169.39, a price-to-earnings ratio of 70.93, a P/E/G ratio of 8.69 and a beta of 1.85.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. New York State Common Retirement Fund boosted its position in La Quinta by 0.7% during the 2nd quarter. New York State Common Retirement Fund now owns 157,357 shares of the company’s stock worth $2,324,000 after acquiring an additional 1,107 shares during the period. Public Employees Retirement System of Ohio boosted its position in La Quinta by 2.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 57,972 shares of the company’s stock worth $856,000 after acquiring an additional 1,179 shares during the period. Voya Investment Management LLC boosted its position in La Quinta by 11.4% during the 2nd quarter. Voya Investment Management LLC now owns 38,884 shares of the company’s stock worth $574,000 after acquiring an additional 3,994 shares during the period. American International Group Inc. boosted its position in La Quinta by 8.1% during the 3rd quarter. American International Group Inc. now owns 54,716 shares of the company’s stock worth $958,000 after acquiring an additional 4,091 shares during the period. Finally, Wells Fargo & Company MN boosted its position in La Quinta by 13.2% during the 2nd quarter. Wells Fargo & Company MN now owns 72,704 shares of the company’s stock worth $1,074,000 after acquiring an additional 8,498 shares during the period. Hedge funds and other institutional investors own 97.19% 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.

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