Playa Hotels & Resorts (NASDAQ:PLYA) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a sell rating to a hold rating in a report released on Saturday, Zacks.com reports.

According to Zacks, “Playa Hotels & Resorts N.V. is an owner, operator and developer of resorts primarily in Mexico and the Caribbean. The company owns and manages Hyatt Zilara and Hyatt Ziva Cancun, Hyatt Zilara and Hyatt Ziva Rose Hall Jamaica, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. Playa Hotels & Resorts N.V. is based in Faifax, United States. “

Several other equities analysts also recently commented on PLYA. SunTrust Banks set a $11.00 target price on Playa Hotels & Resorts and gave the company a buy rating in a research report on Monday, August 12th. BidaskClub upgraded Playa Hotels & Resorts from a sell rating to a hold rating in a research report on Wednesday, September 11th. Finally, Deutsche Bank set a $13.00 target price on Playa Hotels & Resorts and gave the company a buy rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $10.55.

Playa Hotels & Resorts stock opened at $7.98 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.23 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $1.05 billion, a PE ratio of 24.94 and a beta of 0.31. Playa Hotels & Resorts has a 12 month low of $5.98 and a 12 month high of $9.80. The stock has a 50-day moving average price of $7.66 and a two-hundred day moving average price of $7.85.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its earnings results on Tuesday, August 6th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. The firm had revenue of $164.02 million during the quarter, compared to the consensus estimate of $160.71 million. Playa Hotels & Resorts had a return on equity of 4.47% and a net margin of 3.72%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company earned $0.11 earnings per share. As a group, analysts predict that Playa Hotels & Resorts will post 0.12 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank bought a new position in Playa Hotels & Resorts in the second quarter valued at about $33,000. First Manhattan Co. raised its position in Playa Hotels & Resorts by 538.9% in the second quarter. First Manhattan Co. now owns 5,750 shares of the company’s stock valued at $44,000 after purchasing an additional 4,850 shares during the last quarter. Aperio Group LLC bought a new position in Playa Hotels & Resorts in the second quarter valued at about $54,000. Ellington Management Group LLC bought a new position in shares of Playa Hotels & Resorts during the second quarter worth about $90,000. Finally, JPMorgan Chase & Co. raised its position in shares of Playa Hotels & Resorts by 353.8% during the second quarter. JPMorgan Chase & Co. now owns 12,307 shares of the company’s stock worth $94,000 after acquiring an additional 9,595 shares during the last quarter. Hedge funds and other institutional investors own 68.46% of the company’s stock.

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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