Playa Hotels & Resorts N.V.’s (PLYA) Buy Rating Reiterated at Northland Securities

Northland Securities reaffirmed their buy rating on shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) in a research report released on Friday. Northland Securities currently has a $14.75 target price on the stock.

Several other research firms have also recently issued reports on PLYA. Zacks Investment Research cut shares of Playa Hotels & Resorts N.V. from a hold rating to a sell rating in a research report on Wednesday, September 20th. Janney Montgomery Scott initiated coverage on shares of Playa Hotels & Resorts N.V. in a research report on Thursday, September 7th. They set a buy rating and a $14.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $13.54.

Shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) opened at $10.41 on Friday. Playa Hotels & Resorts N.V. has a 12-month low of $9.81 and a 12-month high of $12.27. The company has a quick ratio of 1.51, a current ratio of 1.59 and a debt-to-equity ratio of 1.44.

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Several institutional investors and hedge funds have recently made changes to their positions in PLYA. Stevens Capital Management LP acquired a new stake in shares of Playa Hotels & Resorts N.V. during the third quarter valued at about $159,000. Bluefin Trading LLC acquired a new stake in shares of Playa Hotels & Resorts N.V. during the second quarter valued at about $168,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Playa Hotels & Resorts N.V. in the third quarter valued at approximately $206,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Playa Hotels & Resorts N.V. in the second quarter valued at approximately $255,000. Finally, State Street Corp acquired a new position in shares of Playa Hotels & Resorts N.V. in the second quarter valued at approximately $394,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

About Playa Hotels & Resorts N.V.

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 N.V. (NASDAQ:PLYA)

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