Shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) have been given an average recommendation of “Hold” by the six ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $11.50.

A number of brokerages have recently issued reports on PLYA. Zacks Investment Research upgraded shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th. BidaskClub downgraded shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Deutsche Bank set a $13.00 target price on shares of Playa Hotels & Resorts and gave the company a “buy” rating in a report on Wednesday, August 7th. SunTrust Banks dropped their target price on shares of Playa Hotels & Resorts from $11.00 to $10.00 and set a “buy” rating for the company in a report on Friday. Finally, ValuEngine upgraded shares of Playa Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Tuesday.

A number of institutional investors have recently bought and sold shares of PLYA. First Trust Advisors LP increased its holdings in Playa Hotels & Resorts by 64.8% in the 1st quarter. First Trust Advisors LP now owns 165,294 shares of the company’s stock valued at $1,261,000 after purchasing an additional 64,972 shares during the last quarter. Aperio Group LLC acquired a new stake in Playa Hotels & Resorts in the 2nd quarter valued at approximately $54,000. Swiss National Bank increased its holdings in Playa Hotels & Resorts by 2.1% in the 2nd quarter. Swiss National Bank now owns 109,300 shares of the company’s stock valued at $843,000 after purchasing an additional 2,200 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Playa Hotels & Resorts in the 2nd quarter valued at approximately $127,000. Finally, JPMorgan Chase & Co. increased its holdings in Playa Hotels & Resorts by 353.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,307 shares of the company’s stock valued at $94,000 after purchasing an additional 9,595 shares during the last quarter. Hedge funds and other institutional investors own 67.79% of the company’s stock.

PLYA stock opened at $7.76 on Tuesday. The firm has a market cap of $1.00 billion, a P/E ratio of 24.25 and a beta of 0.30. Playa Hotels & Resorts has a 52-week low of $5.98 and a 52-week high of $8.95. The company’s 50-day simple moving average is $7.76 and its 200-day simple moving average is $7.79. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 1.19.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.07). The company had revenue of $132.83 million during the quarter, compared to analysts’ expectations of $130.47 million. Playa Hotels & Resorts had a negative net margin of 0.10% and a positive return on equity of 2.07%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) earnings per share. On average, analysts anticipate that Playa Hotels & Resorts will post 0.05 earnings per share for the current fiscal year.

About Playa Hotels & Resorts

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

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