Zacks Investment Research upgraded shares of La Quinta (NYSE:LQ) from a sell rating to a hold rating in a research report report published on Wednesday.

According to Zacks, “La Quinta Holdings Inc. is an owner, operator and franchisor of select-service hotels in the United States, primarily serving the midscale and upper-midscale segments. It provides franchise services to hotels in the U.S., Canada and Mexico under the La Quinta Inns & Suites (TM) and La Quinta Inn (TM) brands. La Quinta Holdings Inc. is headquartered in Irving, Texas. “

Several other research analysts have also recently weighed in on the stock. TheStreet cut shares of La Quinta from a b rating to a c+ rating in a research note on Thursday, November 2nd. UBS Group upgraded shares of La Quinta from a hold rating to a buy rating in a research note on Thursday, November 2nd. Finally, Wells Fargo & Co upgraded shares of La Quinta from a market perform rating to an outperform rating and set a $22.00 price target on the stock in a research note on Friday, October 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $17.81.

La Quinta (NYSE LQ) traded down $0.15 during trading hours on Wednesday, reaching $18.27. 535,500 shares of the company’s stock were exchanged, compared to its average volume of 501,567. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.40 and a current ratio of 1.40. La Quinta has a fifty-two week low of $11.76 and a fifty-two week high of $18.59. The company has a market cap of $2,120.00, a P/E ratio of 70.27, a PEG ratio of 12.38 and a beta of 1.85.

La Quinta (NYSE:LQ) last posted its earnings results on Wednesday, November 1st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates 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 period last year, the firm posted $0.19 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. equities analysts predict that La Quinta will post 0.33 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Iridian Asset Management LLC CT boosted its stake in shares of La Quinta by 1,523.0% during the 3rd quarter. Iridian Asset Management LLC CT now owns 4,134,055 shares of the company’s stock worth $72,346,000 after acquiring an additional 3,879,335 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of La Quinta during the 3rd quarter valued at $572,000. Schwab Charles Investment Management Inc. lifted its stake in shares of La Quinta by 5.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 507,218 shares of the company’s stock valued at $7,492,000 after buying an additional 27,651 shares in the last quarter. California Public Employees Retirement System purchased a new position in shares of La Quinta during the 2nd quarter valued at $275,000. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of La Quinta by 10.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 135,118 shares of the company’s stock valued at $1,996,000 after buying an additional 13,120 shares in the last quarter. Institutional investors and hedge funds 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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