Playa Hotels & Resorts (NASDAQ:PLYA) received a $15.00 price target from stock analysts at Deutsche Bank in a research note issued to investors on Saturday, September 15th. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 62.16% from the stock’s previous close.
PLYA has been the subject of a number of other reports. Zacks Investment Research lowered Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. SunTrust Banks initiated coverage on Playa Hotels & Resorts in a report on Tuesday, August 28th. They issued a “buy” rating and a $14.00 target price for the company. BidaskClub upgraded Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a report on Saturday, August 11th. Finally, TheStreet raised Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a report on Friday, August 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $12.96.
Shares of NASDAQ PLYA traded down $0.01 during trading on Friday, reaching $9.25. The stock had a trading volume of 59,819 shares, compared to its average volume of 265,235. Playa Hotels & Resorts has a fifty-two week low of $8.89 and a fifty-two week high of $11.69. The company has a current ratio of 1.79, a quick ratio of 1.68 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $1.26 billion, a PE ratio of 24.34 and a beta of -0.10.
Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings data on Monday, August 6th. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.03. Playa Hotels & Resorts had a return on equity of 8.22% and a net margin of 3.75%. The business had revenue of $145.57 million during the quarter, compared to analysts’ expectations of $144.83 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts predict that Playa Hotels & Resorts will post 0.4 earnings per share for the current year.
In other Playa Hotels & Resorts news, Director Karl Mr. Peterson purchased 50,000 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was bought at an average cost of $10.35 per share, with a total value of $517,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.67% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System purchased a new stake in shares of Playa Hotels & Resorts in the 2nd quarter valued at about $111,000. Dynamic Technology Lab Private Ltd acquired a new position in Playa Hotels & Resorts in the 1st quarter valued at about $110,000. Cubist Systematic Strategies LLC acquired a new position in Playa Hotels & Resorts in the 2nd quarter valued at about $164,000. Citigroup Inc. increased its position in Playa Hotels & Resorts by 11,600.6% in the 1st quarter. Citigroup Inc. now owns 19,306 shares of the company’s stock valued at $197,000 after acquiring an additional 19,141 shares during the period. Finally, A.R.T. Advisors LLC acquired a new position in Playa Hotels & Resorts in the 1st quarter valued at about $336,000. 71.00% of the stock is owned by institutional investors and hedge funds.
About Playa Hotels & Resorts
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.
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