Playa Hotels & Resorts (NASDAQ:PLYA) Reaches New 12-Month High - Still a Buy?

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.45 and last traded at $13.44, with a volume of 14486 shares. The stock had previously closed at $13.44.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PLYA shares. Oppenheimer downgraded Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Macquarie reaffirmed a "neutral" rating and set a $13.50 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft cut Playa Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the stock from $15.00 to $13.50 in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $12.00.

Playa Hotels & Resorts Price Performance

The business has a fifty day simple moving average of $13.37 and a 200 day simple moving average of $12.11. The stock has a market capitalization of $1.65 billion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The firm had revenue of $267.29 million during the quarter, compared to the consensus estimate of $262.24 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The business's revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS. On average, analysts expect that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Institutional Investors Weigh In On Playa Hotels & Resorts

A number of institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of Playa Hotels & Resorts by 5,003.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after buying an additional 3,202 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new stake in Playa Hotels & Resorts during the first quarter worth $73,000. Steward Partners Investment Advisory LLC boosted its position in Playa Hotels & Resorts by 86.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock worth $119,000 after purchasing an additional 4,342 shares during the last quarter. Avidian Wealth Enterprises LLC purchased a new position in Playa Hotels & Resorts in the fourth quarter worth $126,000. Finally, KLP Kapitalforvaltning AS bought a new position in Playa Hotels & Resorts in the 4th quarter valued at $226,000. 74.58% of the stock is owned by institutional investors.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm's geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.