Playa Hotels & Resorts N.V. (PLYA) Stock Rating Upgraded by Zacks Investment Research

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

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. “

Separately, Janney Montgomery Scott started coverage on shares of Playa Hotels & Resorts N.V. in a research note on Thursday, September 7th. They set a “buy” rating and a $14.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $13.54.

Playa Hotels & Resorts N.V. (PLYA) opened at 11.00 on Tuesday. The stock’s market capitalization is $1.21 billion. Playa Hotels & Resorts N.V. has a 52 week low of $9.45 and a 52 week 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 released its quarterly earnings results on Friday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). The business had revenue of $140.60 million for the quarter, compared to the consensus estimate of $137.76 million. On average, equities research analysts predict that Playa Hotels & Resorts N.V. will post $0.14 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Playa Hotels & Resorts N.V. (PLYA) Stock Rating Upgraded by Zacks Investment Research” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/playa-hotels-resorts-n-v-plya-stock-rating-upgraded-by-zacks-investment-research.html.

Several hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC purchased a new position in shares of Playa Hotels & Resorts N.V. during the 2nd quarter worth about $3,884,000. Bluefin Trading LLC purchased a new position in shares of Playa Hotels & Resorts N.V. during the 2nd quarter worth about $168,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Playa Hotels & Resorts N.V. during the 2nd quarter worth about $255,000. Empyrean Capital Partners LP purchased a new position in shares of Playa Hotels & Resorts N.V. during the 2nd quarter worth about $5,975,000. Finally, State Street Corp purchased a new position in shares of Playa Hotels & Resorts N.V. during the 2nd quarter worth about $394,000. Institutional investors and hedge funds own 82.77% of the company’s stock.

Playa Hotels & Resorts N.V. Company Profile

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.

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. “

Separately, Janney Montgomery Scott started coverage on shares of Playa Hotels & Resorts N.V. in a research note on Thursday, September 7th. They set a “buy” rating and a $14.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $13.54.

Playa Hotels & Resorts N.V. (PLYA) opened at 11.00 on Tuesday. The stock’s market capitalization is $1.21 billion. Playa Hotels & Resorts N.V. has a 52 week low of $9.45 and a 52 week 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 released its quarterly earnings results on Friday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). The business had revenue of $140.60 million for the quarter, compared to the consensus estimate of $137.76 million. On average, equities research analysts predict that Playa Hotels & Resorts N.V. will post $0.14 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Playa Hotels & Resorts N.V. (PLYA) Stock Rating Upgraded by Zacks Investment Research” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/playa-hotels-resorts-n-v-plya-stock-rating-upgraded-by-zacks-investment-research.html.

Several hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC purchased a new position in shares of Playa Hotels & Resorts N.V. during the 2nd quarter worth about $3,884,000. Bluefin Trading LLC purchased a new position in shares of Playa Hotels & Resorts N.V. during the 2nd quarter worth about $168,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Playa Hotels & Resorts N.V. during the 2nd quarter worth about $255,000. Empyrean Capital Partners LP purchased a new position in shares of Playa Hotels & Resorts N.V. during the 2nd quarter worth about $5,975,000. Finally, State Street Corp purchased a new position in shares of Playa Hotels & Resorts N.V. during the 2nd quarter worth about $394,000. Institutional investors and hedge funds own 82.77% of the company’s stock.

Playa Hotels & Resorts N.V. Company Profile

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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