Can analysts adopt a bullish outlook for La Quinta Holdings Inc. (NYSE:LQ)?

June 15, 2018 - By Dolores Ford

La Quinta Holdings Inc. (NYSE:LQ) Logo

La Quinta Holdings Inc. (NYSE:LQ) Ratings Coverage

Among 4 analysts covering La Quinta (NYSE:LQ), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. La Quinta had 9 analyst reports since January 17, 2018 according to SRatingsIntel. The firm earned “Overweight” rating on Tuesday, February 13 by Morgan Stanley. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, March 1 report. Morgan Stanley maintained the shares of LQ in report on Thursday, May 31 with “Overweight” rating. The rating was downgraded by Wells Fargo on Monday, January 22 to “Hold”. The rating was upgraded by Goldman Sachs to “Hold” on Friday, January 19. The stock of La Quinta Holdings Inc. (NYSE:LQ) earned “Overweight” rating by Morgan Stanley on Wednesday, May 9. Morgan Stanley maintained La Quinta Holdings Inc. (NYSE:LQ) rating on Thursday, March 1. Morgan Stanley has “Overweight” rating and $22 target. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, February 1 report. The firm has “Buy” rating given on Wednesday, January 17 by Morgan Stanley. Below is a list of La Quinta Holdings Inc. (NYSE:LQ) latest ratings and price target changes.

31/05/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $23 New Target: $46 Maintain
09/05/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $22 New Target: $23 Maintain
01/03/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $19 New Target: $18 Maintain
01/03/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $23 New Target: $22 Maintain
13/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $21 New Target: $23 Maintain
01/02/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $19.0 Maintain
22/01/2018 Broker: Wells Fargo Rating: Hold Downgrade
19/01/2018 Broker: Goldman Sachs Rating: Hold New Target: $19.0 Upgrade
17/01/2018 Broker: Morgan Stanley Rating: Buy Upgrade

The stock increased 5.10% or $1.05 during the last trading session, reaching $21.62. About 3.78 million shares traded or 141.44% up from the average. La Quinta Holdings Inc. (NYSE:LQ) has risen 46.63% since June 15, 2017 and is uptrending. It has outperformed by 34.06% the S&P500.

La Quinta Holdings Inc. owns, operates, and franchises select-service hotels under the La Quinta brand. The company has market cap of $2.54 billion. As of December 31, 2016, the firm had 888 hotels with approximately 87,200 rooms under the La Quinta Inn, La Quinta Inn & Suites, and LQ Hotel brands in 48 states of the United States, as well as in Canada, Mexico, Honduras, and Colombia. It has a 16.63 P/E ratio. It serves the upper-midscale and midscale divisions.

Another recent and important La Quinta Holdings Inc. (NYSE:LQ) news was published by Seekingalpha.com which published an article titled: “CorePoint Lodging, spinoff from La Quinta, starts trading today” on May 31, 2018.

La Quinta Holdings Inc. (NYSE:LQ) Ratings Chart

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