Playa Hotels & Resorts (NASDAQ:PLYA) Upgraded by Zacks Investment Research to Buy

Playa Hotels & Resorts stock has undergone multiple analysts rating changes in the recent past.  Playa Hotels & Resorts Upgraded by Zacks Investment Research on 10/14/2021. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Hold.

Shares of Playa Hotels & Resorts traded down -$0.33 on Wednesday, reaching $8.36. 0 shares of the stock traded hands, compared to its average volume of 946212. Shares of Playa Hotels & Resorts were trading at $8.36 on Wednesday. The firm’s 50 day moving average is $7.47 and its 200 day moving average is $7.08.Playa Hotels & Resorts has a 12 month low of $8.31 and a 12 month high of $9.25. While on yearly highs and lows, Playa Hotels & Resorts’s today has traded high as $8.71 and has touched $8.31 on the downward trend. See More Analyst Rating at: RATING

Playa Hotels & Resorts Earnings and What to expect: 

Playa Hotels & Resorts last released its earnings results on August 4th, 2021. The reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.13. The company had revenue of $128.80 million for the quarter, compared to the consensus estimate of $99.48 million. Its revenue was up 13016.4% compared to the same quarter last year. Playa Hotels & Resorts has generated ($1.46) earnings per share over the last year (($1.61) diluted earnings per share). Earnings for Playa Hotels & Resorts are expected to grow in the coming year, from ($0.50) to $0.06 per share. Playa Hotels & Resorts has confirmed that its next quarterly earnings report will be published on Wednesday, November 3rd, 2021. Playa Hotels & Resorts will be holding an earnings conference call on Thursday, November 4th at 12:00 PM Eastern. Interested parties can or dial in at 412-317-0088 with passcode “10161080”.

Earnings for Playa Hotels & Resorts are expected to grow in the coming year, from ($0.50) to $0.06 per share. The P/E ratio of Playa Hotels & Resorts is -5.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Playa Hotels & Resorts is -5.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Playa Hotels & Resorts has a P/B Ratio of 1.99. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Playa Hotels & Resorts (NASDAQ:PLYA) Moving Average Technical Analysis

5 day Moving Average is $8.69 And 5 day price change is -$0.43 (-4.89%)  with average volume for 5 day average is 699,340. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $8.22 and 20 day price change is $0.94 (12.67%) and average 20 day moving volume is 1,009,585. 50 day moving average is $7.47  and 50 day price change is $1.86 ( 28.62%)  and with average volume for 50 days is : 908,414. 200 day moving average is $7.08  and 200 day price change is $2.78 (0.4982)  and with average volume for 200 days is : 1,376,552.

Other owners latest trading in Playa Hotels & Resorts :

  • On 8/23/2021 shares held by Morgan Stanley were 7,558,478 which equates to market value of $56.16M and appx 0.00% owners of Playa Hotels & Resorts
  • On 8/17/2021 shares held by Wells Fargo & Company MN were 902,366 which equates to market value of $6.71M and appx 0.00% owners of Playa Hotels & Resorts
  • On 8/17/2021 shares held by Zimmer Partners LP were 226,000 which equates to market value of $1.68M and appx 0.00% owners of Playa Hotels & Resorts
  • In total Institutional ownership equates to Institutional Ownership Percentage: 74.71% for Playa Hotels & Resorts

See More Analyst Rating at: RATING