Playa Hotels & Resorts (PLYA) Earns Buy Rating from Nomura

Playa Hotels & Resorts (NASDAQ:PLYA)‘s stock had its “buy” rating reiterated by equities research analysts at Nomura in a research report issued to clients and investors on Friday. They currently have a $16.00 target price on the stock. Nomura’s price target points to a potential upside of 48.70% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Zacks Investment Research raised Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. Northland Securities reissued a “buy” rating and issued a $14.75 target price on shares of Playa Hotels & Resorts in a report on Friday, November 10th. Finally, BidaskClub raised Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Playa Hotels & Resorts has a consensus rating of “Hold” and a consensus target price of $13.89.

Shares of Playa Hotels & Resorts (PLYA) traded up $0.01 during midday trading on Friday, reaching $10.76. The company’s stock had a trading volume of 714,062 shares, compared to its average volume of 337,323. The stock has a market cap of $1,190.00 and a P/E ratio of -23.91. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.59 and a quick ratio of 1.51. Playa Hotels & Resorts has a 12 month low of $9.81 and a 12 month high of $12.27.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings results on Monday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.02. Playa Hotels & Resorts had a negative return on equity of 1.00% and a negative net margin of 2.38%. equities analysts anticipate that Playa Hotels & Resorts will post 0.02 earnings per share for the current year.

In other news, Director Daniel J. Hirsch bought 30,000 shares of Playa Hotels & Resorts stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $10.52 per share, with a total value of $315,600.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.74% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in shares of Playa Hotels & Resorts in the 3rd quarter valued at about $145,000. Stevens Capital Management LP purchased a new stake in shares of Playa Hotels & Resorts in the 3rd quarter valued at about $159,000. Bluefin Trading LLC purchased a new stake in shares of Playa Hotels & Resorts in the 2nd quarter valued at about $168,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Playa Hotels & Resorts by 170.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 18,851 shares of the company’s stock valued at $197,000 after purchasing an additional 11,870 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Playa Hotels & Resorts in the 3rd quarter valued at about $206,000. 77.43% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Playa Hotels & Resorts (PLYA) Earns Buy Rating from Nomura” was first published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/01/19/playa-hotels-resorts-plya-earns-buy-rating-from-nomura.html.

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)

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.

Leave a Reply