Playa Hotels & Resorts (NASDAQ:PLYA) Given New $12.00 Price Target at Oppenheimer

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

PLYA has been the topic of several other reports. Deutsche Bank Aktiengesellschaft cut their price objective on Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Citigroup reissued a “neutral” rating and set a $8.00 price target (down from $12.00) on shares of Playa Hotels & Resorts in a research report on Tuesday, August 13th. 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. Finally, Truist Financial reduced their price target 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Playa Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.40.

Playa Hotels & Resorts Trading Up 0.7 %

Shares of PLYA opened at $9.58 on Monday. The stock has a market capitalization of $1.16 billion, a P/E ratio of 19.81, a PEG ratio of 1.67 and a beta of 1.60. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $10.13. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The firm has a fifty day simple moving average of $8.34 and a two-hundred day simple moving average of $8.29.

Institutional Trading of Playa Hotels & Resorts

Several institutional investors have recently added to or reduced their stakes in the company. MQS Management LLC purchased a new position in Playa Hotels & Resorts during the 3rd quarter valued at $689,000. Cubist Systematic Strategies LLC lifted its stake in Playa Hotels & Resorts by 486.4% in the second quarter. Cubist Systematic Strategies LLC now owns 264,625 shares of the company’s stock worth $2,220,000 after acquiring an additional 219,501 shares during the period. Maverick Capital Ltd. grew its holdings in Playa Hotels & Resorts by 335.0% during the 2nd quarter. Maverick Capital Ltd. now owns 166,536 shares of the company’s stock worth $1,397,000 after acquiring an additional 128,256 shares in the last quarter. Aristides Capital LLC increased its position in Playa Hotels & Resorts by 6.0% during the 2nd quarter. Aristides Capital LLC now owns 30,943 shares of the company’s stock valued at $260,000 after purchasing an additional 1,739 shares during the period. Finally, Algert Global LLC bought a new position in shares of Playa Hotels & Resorts in the 2nd quarter worth $527,000. Institutional investors own 74.58% of the company’s stock.

About Playa Hotels & Resorts

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.