Favorable Press Coverage Somewhat Unlikely to Affect Playa Hotels & Resorts (PLYA) Stock Price

Media headlines about Playa Hotels & Resorts (NASDAQ:PLYA) have been trending positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Playa Hotels & Resorts earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.4655725269303 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

PLYA has been the subject of a number of research reports. Zacks Investment Research downgraded Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Janney Montgomery Scott initiated coverage on Playa Hotels & Resorts in a report on Thursday, September 7th. They issued a “buy” rating and a $14.00 price objective for the company. Finally, Northland Securities reiterated a “buy” rating and issued a $14.75 price objective on shares of Playa Hotels & Resorts in a report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $13.54.

Playa Hotels & Resorts (PLYA) opened at $10.70 on Wednesday. Playa Hotels & Resorts has a twelve month low of $9.81 and a twelve month high of $12.27. The company has a current ratio of 1.59, a quick ratio of 1.51 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $1,180.00 and a price-to-earnings ratio of -23.78.

In related news, Director Daniel J. Hirsch purchased 30,000 shares of Playa Hotels & Resorts stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $10.52 per share, for a total transaction of $315,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.74% of the stock is owned by company insiders.

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About Playa Hotels & Resorts

Playa Hotels & Resorts NV is based in the Netherlands and operates hotels and resorts. The Company owns, operates and develops all-inclusive resorts in beachfront locations in vacation destinations in Mexico and the Caribbean. It owns a portfolio consisting of more than 10 resorts located in Mexico, the Dominican Republic and Jamaica.

Insider Buying and Selling by Quarter for Playa Hotels & Resorts (NASDAQ:PLYA)

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