SunTrust Banks initiated coverage on shares of Playa Hotels & Resorts (NASDAQ:PLYA) in a research report report published on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $14.00 price target on the stock. SunTrust Banks also issued estimates for Playa Hotels & Resorts’ Q3 2018 earnings at ($0.04) EPS, Q4 2018 earnings at $0.00 EPS, FY2018 earnings at $0.36 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at ($0.02) EPS, Q4 2019 earnings at $0.02 EPS, FY2019 earnings at $0.33 EPS, Q1 2020 earnings at $0.41 EPS, Q2 2020 earnings at $0.09 EPS, FY2020 earnings at $0.53 EPS and FY2021 earnings at $0.68 EPS.

PLYA has been the subject of a number of other reports. BidaskClub raised shares of Playa Hotels & Resorts from a sell rating to a hold rating in a research report on Saturday, June 2nd. Zacks Investment Research raised shares of Playa Hotels & Resorts from a sell rating to a hold rating in a research report on Friday, May 11th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $14.15.

NASDAQ:PLYA opened at $10.38 on Tuesday. Playa Hotels & Resorts has a one year low of $9.41 and a one year high of $11.69. The company has a quick ratio of 1.68, a current ratio of 1.79 and a debt-to-equity ratio of 1.16. The stock has a market cap of $1.35 billion, a PE ratio of 27.32 and a beta of -0.17.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings data on Monday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. Playa Hotels & Resorts had a net margin of 3.75% and a return on equity of 8.22%. The business had revenue of $145.57 million during the quarter, compared to the consensus estimate of $144.83 million. During the same period in the prior year, the firm posted $0.03 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. equities analysts predict that Playa Hotels & Resorts will post 0.41 earnings per share for the current fiscal year.

In other news, Director Karl Mr. Peterson acquired 50,000 shares of Playa Hotels & Resorts stock in a transaction on Friday, August 10th. The stock was acquired at an average cost of $10.35 per share, with a total value of $517,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.74% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its stake in Playa Hotels & Resorts by 7.7% in the first quarter. Wells Fargo & Company MN now owns 2,892,619 shares of the company’s stock valued at $29,562,000 after acquiring an additional 206,519 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Playa Hotels & Resorts in the fourth quarter valued at about $155,000. Schwab Charles Investment Management Inc. boosted its stake in Playa Hotels & Resorts by 13.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 165,712 shares of the company’s stock valued at $1,694,000 after acquiring an additional 19,242 shares during the last quarter. Poehling Capital Management LLC boosted its stake in Playa Hotels & Resorts by 36.1% in the first quarter. Poehling Capital Management LLC now owns 205,545 shares of the company’s stock valued at $2,101,000 after acquiring an additional 54,530 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. purchased a new position in Playa Hotels & Resorts in the first quarter valued at about $411,000. Hedge funds and other institutional investors own 71.00% of the company’s stock.

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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