Zacks Downgrades Orient Express Hotels to Neutral (OEH)
Orient Express Hotels (NYSE:OEH) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, American Banking and Market News reports. They currently have a $16.60 price objective on the stock. Zacks‘ price target points to a potential upside of 13.23% from the stock’s previous close.
Orient Express Hotels (NYSE:OEH) last released its earnings data on Friday, November 1st. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.04. The company had revenue of $191.20 million for the quarter, compared to the consensus estimate of $176.31 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Orient Express Hotels from $13.00 to $16.00 in a research note to investors on Monday, November 4th. They now have an “overweight” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of Orient Express Hotels from $14.25 to $18.00 in a research note to investors on Monday, November 4th. They now have a “buy” rating on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of Orient Express Hotels from $14.00 to $17.00 in a research note to investors on Monday, November 4th. They now have a “not rated” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Orient Express Hotels currently has an average rating of “Hold” and a consensus price target of $15.87.
Orient-Express Hotels Ltd.(NYSE:OEH) is a luxury hotel company and travel operator with exposure to national economies.
To view Zacks’ full report, visit www.zacks.com
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