Playa Hotels & Resorts - PLYA Stock Forecast, Price & News

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. As of December 31, 2021, it owned a portfolio of 22 resorts with 8,366 rooms located in Mexico, Jamaica, and the Dominican Republic. The company was founded in 2006 and is headquartered in Fairfax, Virginia.

Analysts Set New Price Targets

PLYA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Playa Hotels & Resorts from $13.00 to $15.00 in a report on Monday, May 9th. Truist Financial upgraded Playa Hotels & Resorts from a "hold" rating to a "buy" rating and increased their price target for the stock from $8.00 to $11.00 in a report on Monday, May 9th. Finally, Oppenheimer assumed coverage on Playa Hotels & Resorts in a report on Thursday, April 21st. They set an "outperform" rating and a $13.00 price target for the company. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Playa Hotels & Resorts has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Playa Hotels & Resorts Trading Up 5.3 %

Playa Hotels & Resorts stock traded up $0.37 during midday trading on Wednesday, reaching $7.38. 37,663 shares of the stock traded hands, compared to its average volume of 1,431,444. The company has a 50-day simple moving average of $7.19 and a two-hundred day simple moving average of $8.03. Playa Hotels & Resorts has a 12-month low of $6.13 and a 12-month high of $9.81. The firm has a market cap of $1.23 billion, a PE ratio of 20.53 and a beta of 1.65. The company has a current ratio of 2.70, a quick ratio of 2.59 and a debt-to-equity ratio of 1.67.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. The business had revenue of $221.27 million during the quarter, compared to analysts' expectations of $205.01 million. Playa Hotels & Resorts had a return on equity of 5.97% and a net margin of 7.95%. The business's quarterly revenue was up 71.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) EPS. Research analysts expect that Playa Hotels & Resorts will post 0.37 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Ryan Paul Hymel sold 5,575 shares of Playa Hotels & Resorts stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $8.78, for a total value of $48,948.50. Following the completion of the transaction, the chief financial officer now owns 434,055 shares in the company, valued at approximately $3,811,002.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CIO Fernando Mulet sold 3,892 shares of the firm's stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $8.78, for a total transaction of $34,171.76. Following the sale, the executive now owns 332,517 shares of the company's stock, valued at approximately $2,919,499.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ryan Paul Hymel sold 5,575 shares of the firm's stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $8.78, for a total value of $48,948.50. Following the sale, the chief financial officer now directly owns 434,055 shares in the company, valued at approximately $3,811,002.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,830 shares of company stock worth $945,887. 6.50% of the stock is currently owned by company insiders.