HomeMost PopularPlaya Hotels & Resorts Hits Analysts' Forecast Price目标

Playa Hotels & Resorts Hits Analysts’ Forecast Price目标

Daily Market Recaps (no fluff)

always free

Playa Hotels & Resorts Surpasses Analyst Price Target: What’s Next?

Recently, shares of Playa Hotels & Resorts NV (Symbol: PLYA) have moved above the average analyst 12-month price target of $11.33, currently trading at $12.35 per share. When a stock hits its target, analysts typically have two choices: either downgrade their valuation or revise their target upwards. Their decision may also hinge on positive developments in the company’s fundamentals that boost the stock’s price.

Among the six analysts whose projections contribute to the average for Playa Hotels & Resorts, opinions vary. One analyst has set a target as low as $8.00, while another predicts a high of $14.00. The standard deviation among these targets stands at $2.658, reflecting the range of opinions present.

The purpose of considering the average PLYA price target is to benefit from the “wisdom of crowds.” Therefore, with PLYA breaking through the $11.33 target, investors are prompted to assess the company’s situation. Is this just a stepping stone toward an even higher target, or has the valuation risen too far, suggesting it may be wise to take some profits? The table below summarizes the current views of analysts covering Playa Hotels & Resorts NV:

Recent PLYA Analyst Ratings Breakdown
» Current 1 Month Ago 2 Months Ago 3 Months Ago
Strong buy ratings: 4 4 4 4
Buy ratings: 0 0 0 0
Hold ratings: 1 1 1 1
Sell ratings: 1 1 1 1
Strong sell ratings: 0 0 0 0
Average rating: 1.83 1.83 1.83 1.83

The average rating score ranges from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Strong Sell. Data for this report was sourced from Zacks Investment Research through Quandl.com. For the latest Zacks research report on PLYA, feel free to check it out.

nslideshow The Top 25 Broker Analyst Picks of the S&P 500 »

Additional Resources:

• ETFs With Stocks That Insiders Are Buying
• CURV Videos
• EIGR Market Cap History

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.

Do you want a daily market summary with no fluff?

Simple Straightforward Daily Stock Market Recaps Sent for free,every single trading day: Read Now

Explore More

Simple Straightforward Daily Stock Market Recaps

Get institutional-level analysis to take your trading to the next level, sign up for free and become apart of the community.