Playa Hotels & Resorts (PLYA) Receives $14.05 Consensus PT from Analysts

Shares of Playa Hotels & Resorts (NASDAQ:PLYA) have been given a consensus rating of “Buy” by the eight research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $14.05.

A number of equities research analysts have issued reports on the stock. BidaskClub raised shares of Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a report on Thursday, January 11th. Nomura reaffirmed a “buy” rating and set a $16.00 price objective on shares of Playa Hotels & Resorts in a report on Friday, January 19th. Finally, Zacks Investment Research lowered shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Saturday, March 3rd.

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In other Playa Hotels & Resorts news, CEO Bruce D. Wardinski bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was purchased at an average cost of $10.95 per share, with a total value of $273,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hal Jones bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was acquired at an average cost of $10.50 per share, with a total value of $105,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 58,000 shares of company stock valued at $628,070. Insiders own 2.74% of the company’s stock.

Several hedge funds have recently bought and sold shares of PLYA. State Street Corp purchased a new position in shares of Playa Hotels & Resorts in the second quarter valued at $394,000. Nationwide Fund Advisors grew its holdings in shares of Playa Hotels & Resorts by 91.7% in the third quarter. Nationwide Fund Advisors now owns 165,294 shares of the company’s stock valued at $1,724,000 after purchasing an additional 79,054 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Playa Hotels & Resorts by 11.7% in the third quarter. Ameriprise Financial Inc. now owns 129,020 shares of the company’s stock valued at $1,346,000 after purchasing an additional 13,500 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Playa Hotels & Resorts in the third quarter valued at $777,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Playa Hotels & Resorts by 128.1% in the third quarter. Wells Fargo & Company MN now owns 1,892,941 shares of the company’s stock valued at $19,743,000 after purchasing an additional 1,063,085 shares in the last quarter. 78.87% of the stock is owned by hedge funds and other institutional investors.

NASDAQ PLYA traded down $0.14 on Friday, reaching $10.52. 608,330 shares of the stock were exchanged, compared to its average volume of 275,609. Playa Hotels & Resorts has a one year low of $9.41 and a one year high of $12.27. The stock has a market cap of $1,176.29 and a price-to-earnings ratio of 27.68. The company has a current ratio of 1.50, a quick ratio of 1.42 and a debt-to-equity ratio of 1.50.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Thursday, March 1st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.10. Playa Hotels & Resorts had a negative net margin of 0.04% and a positive return on equity of 5.24%. The business had revenue of $126.54 million during the quarter, compared to analyst estimates of $124.85 million. sell-side analysts forecast that Playa Hotels & Resorts will post 0.21 EPS for the current year.

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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.

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

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