Morgan Stanley set a $23.00 target price on La Quinta (NYSE:LQ) in a research note published on Tuesday. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Goldman Sachs Group upgraded shares of La Quinta from a sell rating to a neutral rating in a research report on Friday, January 19th. Stifel Nicolaus restated a hold rating on shares of La Quinta in a research report on Thursday, February 1st. Wells Fargo & Co downgraded shares of La Quinta from an outperform rating to a market perform rating in a research report on Monday, January 22nd. Zacks Investment Research upgraded shares of La Quinta from a sell rating to a hold rating in a research report on Wednesday, January 3rd. Finally, TheStreet downgraded shares of La Quinta from a b rating to a c+ rating in a research report on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. La Quinta currently has a consensus rating of Hold and a consensus price target of $20.25.

Shares of La Quinta (NYSE:LQ) opened at $18.79 on Tuesday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $2,170.61, a PE ratio of 51.83, a P/E/G ratio of 8.05 and a beta of 1.83. La Quinta has a 12-month low of $11.76 and a 12-month high of $21.06.

A number of institutional investors have recently modified their holdings of the business. New York State Common Retirement Fund increased its holdings in La Quinta by 0.7% in the second quarter. New York State Common Retirement Fund now owns 157,357 shares of the company’s stock valued at $2,324,000 after buying an additional 1,107 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of 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 purchasing an additional 1,179 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of 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 purchasing an additional 3,994 shares in the last quarter. American International Group Inc. increased its stake in shares of 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 purchasing an additional 4,091 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of La Quinta by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 656,841 shares of the company’s stock worth $12,124,000 after purchasing an additional 4,673 shares in the last quarter. 98.32% 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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