Playa Hotels & Resorts (NASDAQ:PLYA) Price Target Raised to $12.00 at Oppenheimer

Playa Hotels & Resorts (NASDAQ:PLYA) had its price objective raised by Oppenheimer from $10.00 to $12.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an outperform rating on the stock.

PLYA has been the topic of a number of other research reports. Macquarie reissued an “outperform” rating and set a $14.00 price objective on shares of Playa Hotels & Resorts in a research report on Wednesday, August 7th. Truist Financial decreased their price objective on Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their target price on Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Citigroup restated a “neutral” rating and set a $8.00 price target (down previously from $12.00) on shares of Playa Hotels & Resorts in a research note on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Playa Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.40.

Playa Hotels & Resorts Stock Performance

Shares of PLYA stock opened at $9.91 on Monday. The firm has a 50 day moving average of $8.22 and a 200-day moving average of $8.27. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 2.01 and a beta of 1.60. The company has a quick ratio of 2.13, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $10.13.

Institutional Investors Weigh In On Playa Hotels & Resorts

A number of institutional investors have recently added to or reduced their stakes in the company. Gladius Capital Management LP purchased a new position in shares of Playa Hotels & Resorts in the 2nd quarter worth approximately $61,000. Quarry LP grew its stake in Playa Hotels & Resorts by 141.3% in the 2nd quarter. Quarry LP now owns 8,686 shares of the company’s stock valued at $73,000 after purchasing an additional 5,087 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Playa Hotels & Resorts during the 2nd quarter valued at $88,000. Lazard Asset Management LLC bought a new stake in shares of Playa Hotels & Resorts during the 1st quarter worth $95,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Playa Hotels & Resorts in the 1st quarter worth about $98,000. 74.58% of the stock is owned by institutional investors.

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.