Playa Hotels & Resorts NV (NASDAQ:PLYA) has earned a consensus recommendation of “Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $13.45.

A number of equities analysts have commented on PLYA shares. Zacks Investment Research raised Playa Hotels & Resorts NV from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Friday, July 21st. ValuEngine raised Playa Hotels & Resorts NV from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Janney Montgomery Scott started coverage on Playa Hotels & Resorts NV in a research note on Thursday, September 7th. They issued a “buy” rating and a $14.00 price target on the stock.

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Playa Hotels & Resorts NV (NASDAQ:PLYA) last announced its quarterly earnings results on Friday, August 4th. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.04). The company had revenue of $140.60 million during the quarter, compared to analysts’ expectations of $137.76 million. Playa Hotels & Resorts NV had a negative return on equity of 7.39% and a negative net margin of 7.49%.

Hedge funds have recently modified their holdings of the company. K2 Principal Fund L.P. bought a new stake in shares of Playa Hotels & Resorts NV in the 1st quarter worth approximately $146,000. Bluefin Trading LLC bought a new stake in shares of Playa Hotels & Resorts NV in the 2nd quarter worth approximately $168,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Playa Hotels & Resorts NV in the 2nd quarter worth approximately $255,000. State Street Corp bought a new stake in shares of Playa Hotels & Resorts NV in the 2nd quarter worth approximately $394,000. Finally, Sei Investments Co. bought a new stake in shares of Playa Hotels & Resorts NV in the 2nd quarter worth approximately $429,000. Hedge funds and other institutional investors own 82.77% of the company’s stock.

Playa Hotels & Resorts NV Company Profile

Playa Hotels & Resorts NV is based in the Netherlands and operates hotels and resorts. The Company owns, operates and develops all-inclusive resorts in beachfront locations in vacation destinations in Mexico and the Caribbean. It owns a portfolio consisting of more than 10 resorts located in Mexico, the Dominican Republic and Jamaica.

Analyst Recommendations for Playa Hotels & Resorts NV (NASDAQ:PLYA)

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