Playa Hotels & Resorts (PLYA) Hits New 12-Month Low at $8.10
Playa Hotels & Resorts NV (NASDAQ:PLYA) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $8.10 and last traded at $8.10, with a volume of 1132215 shares traded. The stock had previously closed at $8.33.
Several research analysts recently issued reports on PLYA shares. BidaskClub upgraded shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. SunTrust Banks started coverage on shares of Playa Hotels & Resorts in a research report on Tuesday, August 28th. They issued a “buy” rating and a $14.00 target price for the company. Deutsche Bank set a $15.00 target price on shares of Playa Hotels & Resorts and gave the stock a “buy” rating in a research report on Wednesday, October 10th. Citigroup set a $11.00 target price on shares of Playa Hotels & Resorts and gave the stock a “hold” rating in a research report on Tuesday, September 18th. Finally, Nomura lowered shares of Playa Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their target price for the stock from $14.00 to $11.00 in a research report on Tuesday, September 18th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.60.
The stock has a market capitalization of $1.10 billion, a PE ratio of 21.32 and a beta of 0.51. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.52 and a current ratio of 1.63.
Large investors have recently made changes to their positions in the stock. California Public Employees Retirement System bought a new stake in Playa Hotels & Resorts in the second quarter worth $111,000. Cubist Systematic Strategies LLC bought a new stake in Playa Hotels & Resorts in the second quarter worth $164,000. First Trust Advisors LP bought a new stake in Playa Hotels & Resorts in the second quarter worth $410,000. State of New Jersey Common Pension Fund D bought a new stake in Playa Hotels & Resorts in the third quarter worth $482,000. Finally, Royal Bank of Canada bought a new stake in Playa Hotels & Resorts in the first quarter worth $555,000. Institutional investors own 69.06% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Playa Hotels & Resorts (PLYA) Hits New 12-Month Low at $8.10” was reported by Daily Political and is owned by of Daily Political. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://www.dailypolitical.com/2018/11/14/playa-hotels-resorts-plya-hits-new-12-month-low-at-8-10.html.
About Playa Hotels & Resorts (NASDAQ:PLYA)
Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.
Recommended Story: Return on Investment (ROI)
Receive News & Ratings for Playa Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playa Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.