Playa Hotels & Resorts (PLYA) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a sell rating to a hold rating in a research report report published on Friday morning.

Other analysts have also recently issued reports about the company. Deutsche Bank set a $15.00 target price on Playa Hotels & Resorts and gave the company a buy rating in a research report on Wednesday, October 10th. Zacks Investment Research raised Playa Hotels & Resorts from a hold rating to a buy rating and set a $12.00 target price for the company in a research report on Tuesday, June 26th. SunTrust Banks began coverage on Playa Hotels & Resorts in a research report on Tuesday, August 28th. They issued a buy rating and a $14.00 target price for the company. TheStreet raised Playa Hotels & Resorts from a d+ rating to a c- rating in a research note on Friday, August 24th. Finally, Citigroup set a $11.00 price objective on Playa Hotels & Resorts and gave the company a hold rating in a research note on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Playa Hotels & Resorts presently has a consensus rating of Hold and a consensus target price of $12.96.

Shares of NASDAQ PLYA opened at $9.16 on Friday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 24.11 and a beta of -0.10. The company has a quick ratio of 1.68, a current ratio of 1.79 and a debt-to-equity ratio of 1.16. Playa Hotels & Resorts has a 52-week low of $8.89 and a 52-week high of $11.69.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Monday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $145.57 million during the quarter, compared to analysts’ expectations of $144.83 million. Playa Hotels & Resorts had a return on equity of 8.22% and a net margin of 3.75%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 EPS. As a group, research analysts forecast that Playa Hotels & Resorts will post 0.4 earnings per share for the current fiscal year.

In related news, Director Karl Mr. Peterson acquired 50,000 shares of Playa Hotels & Resorts stock in a transaction on Friday, August 10th. The stock was purchased at an average cost of $10.35 per share, with a total value of $517,500.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.67% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System purchased a new stake in Playa Hotels & Resorts during the 2nd quarter valued at approximately $111,000. Millennium Management LLC raised its stake in Playa Hotels & Resorts by 70.3% during the 2nd quarter. Millennium Management LLC now owns 865,544 shares of the company’s stock valued at $9,348,000 after acquiring an additional 357,359 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Playa Hotels & Resorts during the 2nd quarter valued at approximately $164,000. Raymond James & Associates raised its stake in Playa Hotels & Resorts by 7.3% during the 2nd quarter. Raymond James & Associates now owns 153,525 shares of the company’s stock valued at $1,658,000 after acquiring an additional 10,454 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Playa Hotels & Resorts by 53.4% during the 2nd quarter. Renaissance Technologies LLC now owns 324,200 shares of the company’s stock valued at $3,501,000 after acquiring an additional 112,809 shares during the last quarter. 71.00% of the stock is owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.

See Also: Diversification Important in Investing

Analyst Recommendations for Playa Hotels & Resorts (NASDAQ:PLYA)

Receive News & Ratings for Playa Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playa Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply