Belmond Ltd. (BEL) Trading Up 8.5%
Belmond Ltd. (NYSE:BEL)’s share price was up 8.5% on Tuesday . The company traded as high as $11.18 and last traded at $11.09, with a volume of 860,509 shares. The stock had previously closed at $10.22.
A number of equities analysts have weighed in on BEL shares. Telsey Advisory Group raised Belmond from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $8.50 to $10.00 in a research report on Friday, May 6th. Zacks Investment Research raised Belmond from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a report on Tuesday, May 10th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Belmond in a report on Thursday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$11.67.
The firm’s 50 day moving average price is $9.74 and its 200-day moving average price is $9.22. The firm has a market cap of $1.18 billion and a price-to-earnings ratio of 49.53.
Belmond (NYSE:BEL) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09. The company had revenue of $99.10 million for the quarter, compared to the consensus estimate of $98.34 million. On average, equities analysts expect that Belmond Ltd. will post $0.24 earnings per share for the current year.
Other hedge funds recently added to or reduced their stakes in the company. Trexquant Investment LP raised its stake in Belmond by 420.5% in the fourth quarter. Trexquant Investment LP now owns 108,310 shares of the company’s stock worth $1,029,000 after buying an additional 87,502 shares during the last quarter. Rhumbline Advisers raised its stake in Belmond by 3.3% in the fourth quarter. Rhumbline Advisers now owns 133,917 shares of the company’s stock worth $1,272,000 after buying an additional 4,260 shares during the last quarter. Engineers Gate Manager LP raised its stake in Belmond by 156.4% in the fourth quarter. Engineers Gate Manager LP now owns 137,872 shares of the company’s stock worth $1,310,000 after buying an additional 84,096 shares during the last quarter. Bank of Montreal Can raised its stake in Belmond by 34.9% in the fourth quarter. Bank of Montreal Can now owns 186,088 shares of the company’s stock worth $1,768,000 after buying an additional 48,188 shares during the last quarter. Finally, Foresters Investment Management Company Inc. raised its stake in Belmond by 0.7% in the fourth quarter. Foresters Investment Management Company Inc. now owns 436,000 shares of the company’s stock worth $4,142,000 after buying an additional 3,000 shares during the last quarter.
Belmond Ltd. (Belmond), formerly Orient-Express Hotels Ltd. is a luxury hotel company and adventure travel operator. Belmond manages around 45 properties, consisting of around 35 individual deluxe hotels, one stand-alone restaurant, six tourist trains and three river/canal cruise businesses. Belmond’s 45 properties operate in approximately 22 countries.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.