Belmond Ltd. (BEL) Lowered to Sell at Zacks Investment Research
According to Zacks, “Belmond is a global collection of exceptional hotel and luxury travel adventures in some of the world’s most inspiring and enriching destinations. Established almost 40 years ago with the acquisition of Belmond Hotel Cipriani in Venice, the Company owns and operates unique and distinctive hotel, rail and river cruise experiences in many of the world’s most celebrated destinations. From city landmarks to intimate resorts, the collection includes Belmond Grand Hotel Europe, St. Petersburg; Belmond Copacabana Palace, Rio de Janeiro; Belmond Maroma Resort & Spa, Riviera Maya; and Belmond El Encanto, Santa Barbara. Belmond also encompasses safaris, six luxury tourist trains including the Venice Simplon-Orient-Express, three river cruises and ’21’, one of New York’s most storied restaurants. “
BEL has been the subject of several other research reports. Deutsche Bank AG lifted their price target on shares of Belmond from $12.00 to $13.00 and gave the company a buy rating in a research note on Friday, August 5th. Telsey Advisory Group lifted their price objective on shares of Belmond from $10.00 to $11.00 and gave the company a market perform rating in a report on Friday, August 5th. Barclays PLC reissued a buy rating and set a $13.00 price objective on shares of Belmond in a report on Thursday, August 11th. Finally, MKM Partners raised shares of Belmond from a sell rating to a neutral rating and lifted their price objective for the company from $9.50 to $12.00 in a report on Thursday, August 4th. < One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. The stock has a consensus rating of Hold and a consensus price target of C$12.67.
Belmond (NYSE:BEL) traded down 0.835% during midday trading on Wednesday, hitting $12.465. The stock had a trading volume of 43,115 shares. The company has a market capitalization of $1.27 billion, a PE ratio of 74.641 and a beta of 1.51. Belmond has a 1-year low of $7.31 and a 1-year high of $12.86. The stock’s 50-day moving average is $11.75 and its 200-day moving average is $10.37.
Belmond (NYSE:BEL) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Belmond had a net margin of 3.09% and a return on equity of 2.70%. The company had revenue of $158.10 million for the quarter, compared to the consensus estimate of $163.25 million. Equities research analysts forecast that Belmond will post $0.25 EPS for the current year.
Several large investors have recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new position in Belmond during the second quarter worth about $100,000. PineBridge Investments L.P. increased its position in Belmond by 4.1% in the second quarter. PineBridge Investments L.P. now owns 11,074 shares of the company’s stock worth $110,000 after buying an additional 437 shares in the last quarter. Hsbc Holdings PLC increased its position in Belmond by 8.2% in the second quarter. Hsbc Holdings PLC now owns 11,097 shares of the company’s stock worth $111,000 after buying an additional 844 shares in the last quarter. Clinton Group Inc. acquired a new position in Belmond during the second quarter worth about $116,000. Finally, Teacher Retirement System of Texas increased its position in Belmond by 12.2% in the second quarter. Teacher Retirement System of Texas now owns 12,699 shares of the company’s stock worth $126,000 after buying an additional 1,380 shares in the last quarter. Institutional investors and hedge funds own 76.78% of the company’s stock.
Belmond Company Profile
Belmond Ltd. (Belmond), formerly Orient-Express Hotels Ltd. is a luxury hotel company and adventure travel operator. The Company owns, partially-owns and/or operates over 40 properties consisting of approximately 30 individual deluxe hotels, over one stand-alone restaurant, approximately six tourist trains and over three river/canal cruise businesses.
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