Playa Hotels & Resorts N.V. (PLYA) Receives $13.45 Consensus PT from Analysts

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) has been assigned an average recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $13.45.

Several brokerages have recently weighed in on PLYA. Northland Securities reissued a “buy” rating and set a $14.75 target price on shares of Playa Hotels & Resorts in a research report on Friday, November 10th. Zacks Investment Research downgraded Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, Janney Montgomery Scott started coverage on Playa Hotels & Resorts in a research note on Thursday, September 7th. They set a “buy” rating and a $14.00 price target on the stock.

In other Playa Hotels & Resorts news, Director Daniel J. Hirsch purchased 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average cost of $10.52 per share, for a total transaction of $315,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.74% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of PLYA. Russell Investments Group Ltd. acquired a new position in shares of Playa Hotels & Resorts in the second quarter worth $1,078,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of Playa Hotels & Resorts in the second quarter worth $1,386,000. Sei Investments Co. acquired a new position in shares of Playa Hotels & Resorts in the second quarter worth $429,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Playa Hotels & Resorts in the second quarter worth $1,013,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Playa Hotels & Resorts by 7.7% in the second quarter. Bank of New York Mellon Corp now owns 203,435 shares of the company’s stock worth $2,431,000 after acquiring an additional 14,620 shares during the last quarter. 77.43% of the stock is owned by hedge funds and other institutional investors.

Playa Hotels & Resorts (NASDAQ PLYA) traded down $0.01 during mid-day trading on Monday, reaching $10.78. The company’s stock had a trading volume of 72,115 shares, compared to its average volume of 298,044. The company has a current ratio of 1.59, a quick ratio of 1.51 and a debt-to-equity ratio of 1.44. Playa Hotels & Resorts has a 52 week low of $9.81 and a 52 week high of $12.27.

TRADEMARK VIOLATION NOTICE: This piece was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2017/12/07/playa-hotels-resorts-n-v-plya-receives-13-45-consensus-pt-from-analysts.html.

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.

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

Receive News & Ratings for Playa Hotels & Resorts N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playa Hotels & Resorts N.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply