Playa Hotels & Resorts (NASDAQ:PLYA) Cut to Hold at Deutsche Bank Aktiengesellschaft

Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. They presently have a $13.50 target price on the stock, down from their prior target price of $15.00. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 1.96% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Truist Financial reiterated a “hold” rating and set a $13.00 price objective on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Oppenheimer upped their price objective on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.10.

Playa Hotels & Resorts Price Performance

Shares of NASDAQ PLYA opened at $13.24 on Tuesday. The firm’s 50-day moving average price is $11.79 and its 200-day moving average price is $9.54. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.27. The firm has a market capitalization of $1.61 billion, a P/E ratio of 27.58, a P/E/G ratio of 1.83 and a beta of 1.54. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PLYA. Steward Partners Investment Advisory LLC lifted its stake in shares of Playa Hotels & Resorts by 86.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock valued at $119,000 after buying an additional 4,342 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new position in shares of Playa Hotels & Resorts during the 4th quarter valued at $126,000. Barclays PLC grew its holdings in shares of Playa Hotels & Resorts by 993.7% during the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock valued at $165,000 after purchasing an additional 19,298 shares during the last quarter. FMR LLC grew its holdings in shares of Playa Hotels & Resorts by 59.5% during the 3rd quarter. FMR LLC now owns 26,041 shares of the company’s stock valued at $202,000 after purchasing an additional 9,713 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Playa Hotels & Resorts by 13.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock valued at $227,000 after purchasing an additional 3,555 shares during the last quarter. 74.58% of the stock is owned by institutional investors.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm’s geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.