Playa Hotels & Resorts (PLYA) Upgraded to “Hold” at BidaskClub

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Playa Hotels & Resorts (NASDAQ:PLYA) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.

Other research analysts have also recently issued research 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 note on Wednesday. Zacks Investment Research raised Playa Hotels & Resorts from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, June 26th. SunTrust Banks initiated coverage on Playa Hotels & Resorts in a research note on Tuesday, August 28th. They set a “buy” rating and a $14.00 target price on the stock. 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 target price on Playa Hotels & Resorts and gave the company a “hold” rating in a research note on Tuesday, September 18th. One analyst has rated the stock with a sell rating, three 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 a consensus price target of $12.96.

Shares of NASDAQ PLYA opened at $9.16 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.68 and a debt-to-equity ratio of 1.16. Playa Hotels & Resorts has a 1-year low of $8.89 and a 1-year high of $11.69. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 24.11 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, topping the Thomson Reuters’ 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 company had revenue of $145.57 million for 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 firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts predict that Playa Hotels & Resorts will post 0.4 EPS for the current fiscal year.

In other Playa Hotels & Resorts news, Director Karl Mr. Peterson bought 50,000 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were purchased at an average price of $10.35 per share, with a total value of $517,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.67% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLYA. Schwab Charles Investment Management Inc. grew its stake in shares of Playa Hotels & Resorts by 13.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 165,712 shares of the company’s stock valued at $1,694,000 after buying an additional 19,242 shares during the last quarter. Northern Trust Corp grew its stake in Playa Hotels & Resorts by 4.1% in the first quarter. Northern Trust Corp now owns 131,710 shares of the company’s stock worth $1,346,000 after purchasing an additional 5,235 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Playa Hotels & Resorts by 38.5% in the first quarter. Dimensional Fund Advisors LP now owns 931,400 shares of the company’s stock worth $9,519,000 after purchasing an additional 259,124 shares in the last quarter. Citigroup Inc. grew its stake in Playa Hotels & Resorts by 11,600.6% in the first quarter. Citigroup Inc. now owns 19,306 shares of the company’s stock worth $197,000 after purchasing an additional 19,141 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new position in Playa Hotels & Resorts in the first quarter worth approximately $336,000. 71.00% of the stock is currently 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.

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

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