Stifel Nicolaus reissued their hold rating on shares of La Quinta (NYSE:LQ) in a research note released on Thursday morning.

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.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of La Quinta by 2.0% during the second quarter. Vanguard Group Inc. now owns 6,658,222 shares of the company’s stock worth $98,342,000 after purchasing an additional 131,315 shares in the last quarter. Iridian Asset Management LLC CT grew its holdings in shares of La Quinta by 31.4% during the fourth quarter. Iridian Asset Management LLC CT now owns 5,430,770 shares of the company’s stock worth $100,252,000 after purchasing an additional 1,296,715 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of La Quinta by 12.4% during the third quarter. Dimensional Fund Advisors LP now owns 4,000,431 shares of the company’s stock worth $70,008,000 after purchasing an additional 441,290 shares in the last quarter. State Street Corp grew its holdings in shares of La Quinta by 2.4% during the second quarter. State Street Corp now owns 1,728,787 shares of the company’s stock worth $25,533,000 after purchasing an additional 40,093 shares in the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new position in shares of La Quinta during the third quarter worth about $13,125,000. 97.29% of the stock is owned by institutional investors.

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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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