Playa Hotels & Resorts (NASDAQ:PLYA) Price Target Raised to $13.00 at Truist Financial

Playa Hotels & Resorts (NASDAQ:PLYA) had its price objective raised by Truist Financial from $10.00 to $13.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

PLYA has been the topic of several other research reports. Oppenheimer upped their price target on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Macquarie reaffirmed an “outperform” rating and issued a $14.00 price target on shares of Playa Hotels & Resorts in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of 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 reaffirmed a “neutral” rating and issued a $8.00 price target (down previously from $12.00) on shares of Playa Hotels & Resorts in a report on Tuesday, August 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Playa Hotels & Resorts Trading Up 1.1 %

Shares of PLYA stock opened at $10.20 on Wednesday. The company’s fifty day simple moving average is $8.90 and its two-hundred day simple moving average is $8.37. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. Playa Hotels & Resorts has a 1 year low of $6.95 and a 1 year high of $10.50. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.57 and a beta of 1.64.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SkyView Investment Advisors LLC grew its position in Playa Hotels & Resorts by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company’s stock worth $447,000 after acquiring an additional 1,664 shares in the last quarter. Aristides Capital LLC grew its position in Playa Hotels & Resorts by 6.0% in the second quarter. Aristides Capital LLC now owns 30,943 shares of the company’s stock worth $260,000 after acquiring an additional 1,739 shares in the last quarter. AQR Capital Management LLC grew its position in Playa Hotels & Resorts by 1.4% in the second quarter. AQR Capital Management LLC now owns 144,146 shares of the company’s stock worth $1,209,000 after acquiring an additional 2,006 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Playa Hotels & Resorts by 15.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,784 shares of the company’s stock worth $216,000 after acquiring an additional 3,371 shares in the last quarter. Finally, PDT Partners LLC boosted its position in Playa Hotels & Resorts by 3.1% during the third quarter. PDT Partners LLC now owns 115,065 shares of the company’s stock valued at $892,000 after buying an additional 3,502 shares during the period. 74.58% of the stock is currently owned by hedge funds and other 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.