Belmond Ltd. (BEL) Receives Consensus Recommendation of “Hold” from Brokerages
Belmond Ltd. (NYSE:BEL) has been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $14.25.
Several equities analysts have recently commented on BEL shares. Barclays PLC reiterated an “overweight” rating and set a $15.00 price objective (down from $16.00) on shares of Belmond in a research report on Thursday. Zacks Investment Research lowered Belmond from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Telsey Advisory Group upgraded Belmond from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $14.00 to $16.00 in a research report on Tuesday, June 6th. Finally, BidaskClub lowered Belmond from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.
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Shares of Belmond (BEL) traded down 0.41% during mid-day trading on Friday, hitting $12.25. The stock had a trading volume of 279,926 shares. Belmond has a 12 month low of $10.86 and a 12 month high of $14.45. The stock has a market cap of $1.25 billion, a P/E ratio of 204.17 and a beta of 0.93. The firm has a 50 day moving average price of $13.06 and a 200-day moving average price of $12.84.
Belmond (NYSE:BEL) last announced its earnings results on Monday, August 7th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The business had revenue of $165.90 million for the quarter, compared to analyst estimates of $168.93 million. Belmond had a return on equity of 3.99% and a net margin of 1.18%. On average, equities research analysts forecast that Belmond will post $0.17 EPS for the current year.
Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Belmond by 3.9% in the second quarter. BlackRock Inc. now owns 10,522,601 shares of the company’s stock valued at $139,950,000 after buying an additional 396,895 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Belmond by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,286,752 shares of the company’s stock valued at $88,170,000 after buying an additional 115,840 shares in the last quarter. Hosking Partners LLP boosted its stake in shares of Belmond by 1.6% in the second quarter. Hosking Partners LLP now owns 3,368,990 shares of the company’s stock valued at $44,808,000 after buying an additional 54,365 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Belmond by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 2,845,718 shares of the company’s stock valued at $37,848,000 after buying an additional 72,021 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Belmond by 5.5% in the first quarter. State Street Corp now owns 1,979,026 shares of the company’s stock valued at $23,949,000 after buying an additional 102,429 shares in the last quarter. Institutional investors own 75.46% of the company’s stock.
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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