Playa Hotels & Resorts (PLYA) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a hold rating to a buy rating in a research note published on Friday.

Other equities research analysts have also recently issued reports about the stock. Northland Securities reaffirmed a buy rating and set a $14.75 price target on shares of Playa Hotels & Resorts in a research note on Friday, November 10th. Nomura reaffirmed a buy rating and set a $16.00 price target on shares of Playa Hotels & Resorts in a research note on Friday, January 19th. Finally, 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Playa Hotels & Resorts currently has a consensus rating of Buy and an average target price of $13.89.

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Shares of Playa Hotels & Resorts (NASDAQ:PLYA) opened at $10.89 on Friday. The company has a market cap of $1,201.67 and a PE ratio of -181.50. Playa Hotels & Resorts has a 12 month low of $9.41 and a 12 month high of $12.27. 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 issued its quarterly earnings data on Thursday, March 1st. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.10. The firm had revenue of $126.54 million for the quarter, compared to analysts’ expectations of $124.85 million. Playa Hotels & Resorts had a negative net margin of 0.04% and a positive return on equity of 5.24%. equities analysts anticipate that Playa Hotels & Resorts will post 0.21 earnings per share for the current year.

In other news, Director Hal Jones purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were bought at an average cost of $10.50 per share, with a total value of $105,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.74% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new stake in shares of Playa Hotels & Resorts during the 3rd quarter worth about $827,000. JPMorgan Chase & Co. acquired a new stake in shares of Playa Hotels & Resorts during the 3rd quarter worth about $777,000. GSA Capital Partners LLP purchased a new position in shares of Playa Hotels & Resorts during the 3rd quarter worth about $323,000. Neuberger Berman Group LLC lifted its holdings in shares of Playa Hotels & Resorts by 25.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,320,849 shares of the company’s stock worth $13,776,000 after acquiring an additional 266,104 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Playa Hotels & Resorts by 11.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 129,020 shares of the company’s stock worth $1,346,000 after acquiring an additional 13,500 shares during the period. 78.87% of the stock is currently owned by institutional investors.

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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.

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

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