Analysts Set Playa Hotels & Resorts NV (PLYA) Price Target at $12.00

Shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) have been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $12.00.

Several analysts have issued reports on the company. BidaskClub lowered Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Deutsche Bank reissued a “buy” rating and set a $14.00 price target on shares of Playa Hotels & Resorts in a report on Monday, March 4th.

Shares of PLYA opened at $8.48 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.42 and a quick ratio of 1.33. Playa Hotels & Resorts has a one year low of $5.98 and a one year high of $11.48. The firm has a market capitalization of $1.14 billion, a P/E ratio of 26.50 and a beta of 0.62.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.18. Playa Hotels & Resorts had a return on equity of 4.88% and a net margin of 3.08%. The company had revenue of $195.80 million during the quarter, compared to analyst estimates of $182.60 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. Playa Hotels & Resorts’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts predict that Playa Hotels & Resorts will post 0.1 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in PLYA. Northwood Liquid Management LP bought a new stake in Playa Hotels & Resorts during the fourth quarter valued at about $11,182,000. BlackRock Inc. grew its holdings in Playa Hotels & Resorts by 233.9% during the third quarter. BlackRock Inc. now owns 1,121,235 shares of the company’s stock valued at $10,798,000 after purchasing an additional 785,471 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Playa Hotels & Resorts by 26.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,516,084 shares of the company’s stock worth $10,900,000 after acquiring an additional 314,103 shares during the period. Vanguard Group Inc boosted its stake in shares of Playa Hotels & Resorts by 19.2% in the third quarter. Vanguard Group Inc now owns 1,010,987 shares of the company’s stock worth $9,737,000 after acquiring an additional 162,539 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Playa Hotels & Resorts by 19.2% in the third quarter. Vanguard Group Inc. now owns 1,010,987 shares of the company’s stock worth $9,737,000 after acquiring an additional 162,539 shares during the period. 68.43% of the stock is owned by institutional investors and hedge funds.

Playa Hotels & Resorts Company Profile

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.

Featured Story: What is Considered a Good Return on Equity (ROE)?

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