Playa Hotels & Resorts’ (PLYA) “Neutral” Rating Reiterated at Citigroup

Citigroup restated their neutral rating on shares of Playa Hotels & Resorts (NASDAQ:PLYA) in a report released on Tuesday, MarketBeat Ratings reports. They currently have a $8.00 price objective on the stock, down from their prior price objective of $12.00.

Other equities analysts have also recently issued reports about the stock. Macquarie reiterated an outperform rating and set a $14.00 target price on shares of Playa Hotels & Resorts in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Playa Hotels & Resorts from $14.00 to $13.00 and set a buy rating for the company in a research note on Thursday, August 8th. Oppenheimer decreased their price target on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set an outperform rating on the stock in a research note on Thursday, August 8th. Finally, Truist Financial dropped their target price on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set a buy rating for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $11.00.

Playa Hotels & Resorts Stock Performance

PLYA traded up $0.01 during trading on Tuesday, hitting $7.43. The stock had a trading volume of 111,697 shares, compared to its average volume of 646,259. The company has a current ratio of 2.23, a quick ratio of 2.13 and a debt-to-equity ratio of 1.93. Playa Hotels & Resorts has a 12 month low of $6.88 and a 12 month high of $9.85. The company has a 50 day simple moving average of $8.20 and a 200-day simple moving average of $8.73. The firm has a market cap of $989.53 million, a PE ratio of 16.13, a P/E/G ratio of 0.82 and a beta of 1.60.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $235.48 million during the quarter, compared to analysts’ expectations of $228.95 million. Playa Hotels & Resorts had a return on equity of 11.79% and a net margin of 5.85%. The firm’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. Analysts expect that Playa Hotels & Resorts will post 0.41 EPS for the current year.

Insider Activity at Playa Hotels & Resorts

In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 60,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $8.31, for a total value of $498,600.00. Following the completion of the sale, the director now owns 2,469,033 shares in the company, valued at approximately $20,517,664.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.70% of the stock is currently owned by company insiders.

Institutional Trading of Playa Hotels & Resorts

Institutional investors have recently bought and sold shares of the business. Gladius Capital Management LP bought a new position in shares of Playa Hotels & Resorts in the 2nd quarter worth $61,000. Canada Pension Plan Investment Board bought a new stake in shares of Playa Hotels & Resorts in the 2nd quarter valued at about $88,000. Inceptionr LLC acquired a new stake in shares of Playa Hotels & Resorts in the 4th quarter valued at approximately $93,000. Lazard Asset Management LLC bought a new position in Playa Hotels & Resorts during the 1st quarter worth approximately $95,000. Finally, Quadrature Capital Ltd acquired a new position in Playa Hotels & Resorts during the first quarter valued at approximately $98,000. Institutional investors and hedge funds own 74.58% of the company’s stock.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.