Playa Hotels & Resorts (NASDAQ:PLYA – Get Free Report) shares hit a new 52-week high during trading on Wednesday after Truist Financial raised their price target on the stock from $10.00 to $13.00. Truist Financial currently has a buy rating on the stock. Playa Hotels & Resorts traded as high as $10.50 and last traded at $10.18, with a volume of 58089 shares trading hands. The stock had previously closed at $10.09.
PLYA has been the topic of a number of other reports. Citigroup reaffirmed a “neutral” rating and set a $8.00 price objective (down from $12.00) on shares of Playa Hotels & Resorts in a research report on Tuesday, August 13th. Oppenheimer boosted their price objective on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Macquarie reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Playa Hotels & Resorts in a research report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.
Read Our Latest Stock Report on Playa Hotels & Resorts
Institutional Trading of Playa Hotels & Resorts
Playa Hotels & Resorts Price Performance
The stock’s 50 day moving average price is $8.90 and its two-hundred day moving average price 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. The firm 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.
About Playa Hotels & Resorts
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.
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