Shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) have received an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $12.25.

A number of equities research analysts have recently weighed in on the stock. Citigroup restated a “hold” rating and issued a $9.00 price target on shares of Playa Hotels & Resorts in a research note on Wednesday, November 21st. BidaskClub downgraded shares of Playa Hotels & Resorts from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 21st. Zacks Investment Research downgraded shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. Deutsche Bank set a $15.00 price target on shares of Playa Hotels & Resorts and gave the company a “buy” rating in a research note on Wednesday, October 10th. Finally, Nomura downgraded shares of Playa Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price target for the company from $14.00 to $11.00 in a research note on Tuesday, September 18th.

Several institutional investors and hedge funds have recently bought and sold shares of PLYA. First Trust Advisors LP acquired a new stake in shares of Playa Hotels & Resorts in the 2nd quarter valued at approximately $410,000. Kornitzer Capital Management Inc. KS boosted its position in Playa Hotels & Resorts by 15.2% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 149,800 shares of the company’s stock worth $1,618,000 after buying an additional 19,800 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Playa Hotels & Resorts by 12.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 186,076 shares of the company’s stock worth $2,010,000 after buying an additional 20,364 shares during the period. GSA Capital Partners LLP boosted its position in Playa Hotels & Resorts by 171.3% during the 2nd quarter. GSA Capital Partners LLP now owns 127,722 shares of the company’s stock worth $1,379,000 after buying an additional 80,651 shares during the period. Finally, BlackRock Inc. boosted its position in Playa Hotels & Resorts by 10.2% during the 2nd quarter. BlackRock Inc. now owns 335,764 shares of the company’s stock worth $3,627,000 after buying an additional 31,117 shares during the period. Institutional investors own 68.76% of the company’s stock.

Shares of Playa Hotels & Resorts stock opened at $7.18 on Friday. The stock has a market cap of $935.53 million, a price-to-earnings ratio of 18.89 and a beta of 0.43. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.52 and a current ratio of 1.63. Playa Hotels & Resorts has a 12-month low of $6.91 and a 12-month high of $11.69.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its quarterly earnings results on Wednesday, November 7th. The company reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). Playa Hotels & Resorts had a net margin of 3.64% and a return on equity of 6.98%. The company had revenue of $142.81 million for the quarter, compared to the consensus estimate of $133.30 million. On average, analysts predict that Playa Hotels & Resorts will post 0.34 EPS for the current fiscal year.

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.

See Also: Debt-To-Equity Ratio

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