Belmond Ltd. (BEL) Upgraded to “Hold” by 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. “
Several other research analysts also recently commented on BEL. Deutsche Bank AG reissued a buy rating on shares of Belmond in a report on Sunday, June 26th. MKM Partners raised Belmond from a sell rating to a neutral rating and boosted their target price for the stock from $9.50 to $12.00 in a report on Thursday, August 4th. < Telsey Advisory Group boosted their target price on Belmond from $10.00 to $11.00 and gave the stock a market perform rating in a report on Friday, August 5th. Finally, Barclays PLC reissued a buy rating and issued a $13.00 target price on shares of Belmond in a report on Thursday, August 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. The company currently has an average rating of Buy and an average price target of C$12.67.
Shares of Belmond (NYSE:BEL) opened at 12.29 on Tuesday. Belmond has a 1-year low of $7.31 and a 1-year high of $12.86. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 73.59 and a beta of 1.51. The stock has a 50 day moving average price of $11.86 and a 200-day moving average price of $10.46.
Belmond (NYSE:BEL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by $0.01. The business earned $158.10 million during the quarter, compared to analyst estimates of $163.25 million. Belmond had a return on equity of 2.70% and a net margin of 3.09%. On average, equities research analysts expect that Belmond will post $0.25 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the stock. Bank of Montreal Can acquired a new stake in shares of Belmond during the second quarter valued at approximately $2,262,000. Fox Run Management L.L.C. acquired a new stake in shares of Belmond during the second quarter valued at approximately $100,000. BNP Paribas Arbitrage SA boosted its stake in shares of Belmond by 104.9% in the second quarter. BNP Paribas Arbitrage SA now owns 28,677 shares of the company’s stock valued at $284,000 after buying an additional 14,680 shares during the last quarter. Price Michael F boosted its stake in shares of Belmond by 43.8% in the first quarter. Price Michael F now owns 230,000 shares of the company’s stock valued at $2,183,000 after buying an additional 70,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Belmond by 166.7% in the first quarter. Goldman Sachs Group Inc. now owns 146,499 shares of the company’s stock valued at $1,390,000 after buying an additional 91,570 shares during the last quarter. Institutional investors 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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