Janney Montgomery Scott started coverage on shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) in a research note issued on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating and a $14.00 price target on the stock. Janney Montgomery Scott’s target price suggests a potential upside of 28.79% from the stock’s current price.

A number of other brokerages have also recently weighed in on PLYA. ValuEngine raised Playa Hotels & Resorts N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Playa Hotels & Resorts N.V. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $11.50 price target on shares of Playa Hotels & Resorts N.V. in a research note on Monday, May 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.54.

Shares of Playa Hotels & Resorts N.V. (PLYA) opened at 10.87 on Thursday. The firm’s market capitalization is $1.20 billion. Playa Hotels & Resorts N.V. has a 1-year low of $9.45 and a 1-year high of $12.27. The firm’s 50 day moving average is $11.32 and its 200 day moving average is $10.80.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) last issued its quarterly earnings results on Friday, August 4th. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.04. The company had revenue of $140.60 million during the quarter, compared to analysts’ expectations of $137.76 million. Analysts anticipate that Playa Hotels & Resorts N.V. will post $0.14 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the business. Farallon Capital Management LLC grew its stake in Playa Hotels & Resorts N.V. by 1.5% during the 2nd quarter. Farallon Capital Management LLC now owns 30,606,930 shares of the company’s stock valued at $365,753,000 after acquiring an additional 438,250 shares in the last quarter. TPG Group Holdings SBS Advisors Inc. grew its stake in Playa Hotels & Resorts N.V. by 20.0% during the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 8,806,666 shares of the company’s stock valued at $105,240,000 after acquiring an additional 1,466,666 shares in the last quarter. BlackRock Inc. purchased a new position in Playa Hotels & Resorts N.V. during the 2nd quarter valued at about $96,964,000. Janus Henderson Group PLC purchased a new position in Playa Hotels & Resorts N.V. during the 2nd quarter valued at about $49,085,000. Finally, Janus Capital Management LLC purchased a new position in Playa Hotels & Resorts N.V. during the 1st quarter valued at about $39,219,000. 82.77% of the stock is currently owned by institutional investors.

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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