Belmond Ltd. (BEL) Upgraded 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. “
Several other analysts also recently issued reports on BEL. Deutsche Bank AG reissued a buy rating on shares of Belmond in a research note on Sunday, June 26th. MKM Partners raised Belmond from a sell rating to a neutral rating and lifted their target price for the company from $9.50 to $12.00 in a research note on Thursday, August 4th. < Barclays PLC reissued a buy rating and set a $13.00 target price on shares of Belmond in a research note on Thursday, August 11th. Finally, Telsey Advisory Group lifted their target price on Belmond from $10.00 to $11.00 and gave the company a market perform rating in a research note on Friday, August 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Belmond currently has an average rating of Buy and a consensus price target of C$12.67.
Shares of Belmond (NYSE:BEL) opened at 12.26 on Tuesday. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 73.41 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 price is $11.91 and its 200-day moving average price is $10.49.
Belmond (NYSE:BEL) last issued its earnings results on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.01. The business had revenue of $158.10 million for the quarter, compared to the consensus estimate of $163.25 million. Belmond had a net margin of 3.09% and a return on equity of 2.70%. On average, equities research analysts forecast that Belmond will post $0.25 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its stake in Belmond by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 38,700 shares of the company’s stock worth $383,000 after buying an additional 200 shares during the last quarter. PineBridge Investments L.P. increased its stake 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 during the last quarter. Profund Advisors LLC increased its stake in Belmond by 2.6% in the second quarter. Profund Advisors LLC now owns 24,458 shares of the company’s stock worth $242,000 after buying an additional 616 shares during the last quarter. Arizona State Retirement System increased its stake in Belmond by 1.6% in the second quarter. Arizona State Retirement System now owns 45,300 shares of the company’s stock worth $448,000 after buying an additional 700 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in Belmond by 4.0% in the second quarter. Guggenheim Capital LLC now owns 19,406 shares of the company’s stock worth $192,000 after buying an additional 754 shares during the last quarter. 76.78% of the stock is currently owned by institutional investors and hedge funds.
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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