Stifel Nicolaus Reiterates Hold Rating for La Quinta (LQ)
Several other brokerages have also recently weighed in on LQ. Wells Fargo & Co cut La Quinta from an outperform rating to a market perform rating in a research report on Monday, January 22nd. Deutsche Bank upped their price target on La Quinta to $23.00 and gave the company a buy rating in a research report on Friday, January 19th. Goldman Sachs Group upgraded La Quinta from a sell rating to a neutral rating in a research report on Friday, January 19th. Zacks Investment Research upgraded La Quinta from a sell rating to a hold rating in a research report on Wednesday, January 3rd. Finally, Morgan Stanley upgraded La Quinta from an equal weight rating to an overweight rating in a research report on Wednesday, January 17th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $18.85.
Shares of La Quinta (LQ) opened at $19.51 on Thursday. La Quinta has a 52-week low of $11.76 and a 52-week high of $21.06. The firm has a market capitalization of $2,269.48, a PE ratio of 54.19, a PEG ratio of 8.58 and a beta of 1.83. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.38.
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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.
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