Playa Hotels & Resorts N.V. (PLYA) Receives $13.45 Consensus Target Price from Analysts

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) has earned an average recommendation of “Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $13.45.

A number of equities research analysts recently issued reports on PLYA shares. Northland Securities reissued a “buy” rating and set a $14.75 price target on shares of Playa Hotels & Resorts N.V. in a research report on Friday. Zacks Investment Research raised Playa Hotels & Resorts N.V. from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, July 21st. Finally, Janney Montgomery Scott initiated coverage on Playa Hotels & Resorts N.V. in a report on Thursday, September 7th. They issued a “buy” rating and a $14.00 target price on the stock.

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Shares of Playa Hotels & Resorts N.V. (PLYA) traded down $0.14 during trading hours on Thursday, reaching $10.41. The company had a trading volume of 440,200 shares, compared to its average volume of 256,079. Playa Hotels & Resorts N.V. has a 1-year low of $9.81 and a 1-year high of $12.27. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.82 and a current ratio of 1.59.

Several hedge funds have recently modified their holdings of PLYA. BlackRock Inc. acquired a new stake in shares of Playa Hotels & Resorts N.V. in the 2nd quarter valued at $96,964,000. Janus Henderson Group PLC acquired a new stake in shares of Playa Hotels & Resorts N.V. in the 2nd quarter valued at $49,085,000. TPG Group Holdings SBS Advisors Inc. boosted its holdings in shares of Playa Hotels & Resorts N.V. by 20.0% in 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 purchasing an additional 1,466,666 shares in the last quarter. Morgan Stanley acquired a new stake in shares of Playa Hotels & Resorts N.V. in the 1st quarter valued at $14,611,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Playa Hotels & Resorts N.V. by 128.1% in the 3rd quarter. Wells Fargo & Company MN now owns 1,892,941 shares of the company’s stock valued at $19,743,000 after purchasing an additional 1,063,085 shares in the last quarter. 83.10% of the stock is currently owned by hedge funds and other 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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