La Quinta Holdings Inc (NYSE:LQ) has earned an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $23.00.

Several research analysts have issued reports on LQ shares. Deutsche Bank raised their price objective on shares of La Quinta to $23.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. UBS Group raised shares of La Quinta from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. TheStreet downgraded shares of La Quinta from a “b” rating to a “c+” rating in a research report on Thursday, November 2nd. Zacks Investment Research downgraded shares of La Quinta from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Stifel Nicolaus reissued a “hold” rating on shares of La Quinta in a research report on Thursday, February 1st.

Shares of La Quinta (NYSE:LQ) traded down $0.08 during trading on Friday, reaching $18.78. 64,794 shares of the company’s stock traded hands, compared to its average volume of 1,616,578. La Quinta has a 52 week low of $11.76 and a 52 week high of $21.06. 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 stock has a market cap of $2,193.87, a P/E ratio of 72.54, a P/E/G ratio of 8.14 and a beta of 1.83.

Institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN boosted its holdings in shares of La Quinta by 13.2% in the second quarter. Wells Fargo & Company MN now owns 72,704 shares of the company’s stock valued at $1,074,000 after acquiring an additional 8,498 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in shares of La Quinta by 20.9% in the second quarter. Nationwide Fund Advisors now owns 161,069 shares of the company’s stock valued at $2,379,000 after acquiring an additional 27,878 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of 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 acquiring an additional 1,107 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of La Quinta by 2.0% in the second quarter. Vanguard Group Inc. now owns 6,658,222 shares of the company’s stock valued at $98,342,000 after acquiring an additional 131,315 shares in the last quarter. Finally, California Public Employees Retirement System purchased a new stake in shares of La Quinta in the second quarter valued at about $275,000. 98.32% of the stock is currently 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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