Belmond Ltd. (NYSE:BEL)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays PLC in a research report issued on Thursday. They presently have a $15.00 target price on the stock, down from their previous target price of $16.00. Barclays PLC’s price objective indicates a potential upside of 21.46% from the stock’s previous close.
A number of other brokerages also recently commented on BEL. BidaskClub downgraded Belmond from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded Belmond from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Finally, Telsey Advisory Group raised Belmond from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $14.00 to $16.00 in a research report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $14.40.
Shares of Belmond (NYSE:BEL) opened at 12.35 on Thursday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 205.83 and a beta of 0.93. The company has a 50-day moving average of $13.04 and a 200-day moving average of $12.83. Belmond has a 1-year low of $10.86 and a 1-year high of $14.45.
Belmond (NYSE:BEL) last released its earnings results on Monday, August 7th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The company had revenue of $165.90 million during the quarter, compared to the consensus estimate of $168.93 million. Belmond had a return on equity of 3.99% and a net margin of 1.18%. On average, equities research analysts expect that Belmond will post $0.17 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in BEL. Forward Management LLC increased its position in shares of Belmond by 13.0% in the first quarter. Forward Management LLC now owns 203,800 shares of the company’s stock worth $2,466,000 after buying an additional 23,400 shares in the last quarter. Comerica Bank increased its position in shares of Belmond by 4.0% in the first quarter. Comerica Bank now owns 79,879 shares of the company’s stock worth $1,006,000 after buying an additional 3,104 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Belmond by 12.9% in the first quarter. BNP Paribas Arbitrage SA now owns 19,288 shares of the company’s stock worth $233,000 after buying an additional 2,206 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Belmond by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 2,773,697 shares of the company’s stock worth $33,561,000 after buying an additional 78,911 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Belmond during the first quarter worth approximately $1,234,000. 75.46% of the stock is owned by institutional investors and hedge funds.
Belmond Company Profile
Belmond Ltd. (Belmond) is a hotel company and adventure travel operator. As of December 31, 2016, Belmond owned, partially-owned and/or operated 45 properties, consisting of 34 individual deluxe hotels, 29 of which are owned (including nine under long-term lease), five European tourist trains, two cruise ships in Myanmar (one of which is under long-term charter), one French canal cruise business consisting of five small canal boats, and one stand-alone restaurant in the United States.
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