Playa Hotels & Resorts NV (PLYA) Given Average Recommendation of “Buy” by Analysts
Shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) have earned a consensus rating of “Buy” from the nine ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $13.88.
A number of analysts recently weighed in on PLYA shares. Zacks Investment Research raised shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th. BidaskClub raised shares of Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 11th. Finally, Nomura reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Playa Hotels & Resorts in a research note on Friday, January 19th.
In other news, Director Hal Jones bought 10,000 shares of Playa Hotels & Resorts stock in a transaction on Tuesday, March 6th. The stock was acquired at an average cost of $10.50 per share, for a total transaction of $105,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen G. Haggerty bought 23,000 shares of Playa Hotels & Resorts stock in a transaction on Friday, March 9th. The stock was purchased at an average price of $10.84 per share, with a total value of $249,320.00. The disclosure for this purchase can be found here. Insiders own 2.74% of the company’s stock.
Shares of Playa Hotels & Resorts (NASDAQ:PLYA) opened at $10.91 on Wednesday. Playa Hotels & Resorts has a one year low of $9.41 and a one year high of $12.27. The firm has a market cap of $1,174.09 and a PE ratio of -181.83. The company has a quick ratio of 1.42, a current ratio of 1.50 and a debt-to-equity ratio of 1.50.
Playa Hotels & Resorts (NASDAQ:PLYA) last released its quarterly earnings data on Thursday, March 1st. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $126.54 million during the quarter, compared to analyst estimates of $124.85 million. analysts anticipate that Playa Hotels & Resorts will post 0.21 EPS for the current year.
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About Playa Hotels & Resorts
Playa Hotels & Resorts NV is based in the Netherlands and operates hotels and resorts. The Company owns, operates and develops all-inclusive resorts in beachfront locations in vacation destinations in Mexico and the Caribbean. It owns a portfolio consisting of more than 10 resorts located in Mexico, the Dominican Republic and Jamaica.
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