In a report issued on September 18, Chris Woronka from Deutsche Bank maintained a Buy rating on Playa Hotels & Resorts NV (NASDAQ: PLYA), with a price target of $15. The company’s shares opened today at $9.27, close to its 52-week low of $8.89.
According to TipRanks.com, Woronka is ranked #2831 out of 4875 analysts.
Currently, the analyst consensus on Playa Hotels & Resorts NV is a Moderate Buy with an average price target of $12.63.
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Based on Playa Hotels & Resorts NV’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $16.82 million. In comparison, last year the company had a GAAP net loss of $10.53 million.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PLYA in relation to earlier this year.
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Playa Hotels & Resorts NV engages in the ownership, operation, and development of all-inclusive resorts in beachfront location destinations in Mexico and the Caribbean. It operates through the following geographical segments: Yucatán Peninsula, Pacific Coast, and Caribbean Basin.
