Belmond (BEL) Receiving Somewhat Positive Press Coverage, Report Shows
News coverage about Belmond (NYSE:BEL) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media 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. Belmond earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.5071840086172 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several brokerages have commented on BEL. Telsey Advisory Group upgraded shares of Belmond from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $14.00 to $16.00 in a research note on Tuesday, June 6th. Barclays PLC reiterated an “overweight” rating and issued a $15.00 price target (down previously from $16.00) on shares of Belmond in a research note on Thursday, August 10th. BidaskClub cut shares of Belmond from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of Belmond from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $14.40.
Shares of Belmond (BEL) traded up 1.55% during mid-day trading on Friday, hitting $13.10. 323,791 shares of the stock traded hands. Belmond has a 12 month low of $11.00 and a 12 month high of $14.45. The firm has a 50 day moving average of $12.62 and a 200 day moving average of $12.58. The company has a market cap of $1.34 billion, a P/E ratio of 218.33 and a beta of 0.95.
Belmond (NYSE:BEL) last announced its earnings results on Monday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.07. Belmond had a net margin of 1.18% and a return on equity of 3.99%. The business had revenue of $165.90 million for the quarter, compared to analyst estimates of $168.93 million. Equities analysts anticipate that Belmond will post $0.18 EPS for the current fiscal year.
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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