Belmond Ltd. (NYSE:BEL) Given Consensus Recommendation of “Buy” by Analysts
Shares of Belmond Ltd. (NYSE:BEL) have received an average recommendation of “Buy” from the six ratings firms that are currently covering the company. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$12.60.
A number of analysts have recently issued reports on BEL shares. Deutsche Bank AG reissued a “buy” rating on shares of Belmond in a research note on Thursday, June 2nd. Telsey Advisory Group increased their price objective on shares of Belmond from $10.00 to $11.00 and gave the stock a “market perform” rating in a research note on Friday, August 5th. Zacks Investment Research cut shares of Belmond from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Barclays PLC reissued a “buy” rating and issued a $13.00 price objective on shares of Belmond in a research note on Thursday, August 11th. Finally, MKM Partners raised shares of Belmond from a “sell” rating to a “neutral” rating and raised their target price for the company from $9.50 to $12.00 in a research note on Thursday, August 4th. <
Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Belmond by 14.5% in the first quarter. Royal Bank of Canada now owns 263,456 shares of the company’s stock valued at $2,500,000 after buying an additional 33,297 shares during the period. Arizona State Retirement System acquired a new position in Belmond during the first quarter valued at approximately $423,000. Price Michael F raised its position in Belmond by 43.8% in the first quarter. Price Michael F now owns 230,000 shares of the company’s stock valued at $2,183,000 after buying an additional 70,000 shares during the period. Geode Capital Management LLC raised its position in Belmond by 7.7% in the first quarter. Geode Capital Management LLC now owns 590,658 shares of the company’s stock valued at $5,605,000 after buying an additional 42,293 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Belmond by 166.7% in the first quarter. Goldman Sachs Group Inc. now owns 146,499 shares of the company’s stock valued at $1,390,000 after buying an additional 91,570 shares during the period. 76.78% of the stock is owned by institutional investors.
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Belmond (NYSE:BEL) traded up 2.083% during mid-day trading on Wednesday, reaching $12.005. 284,897 shares of the company’s stock traded hands. The stock has a market capitalization of $1.22 billion, a PE ratio of 71.886 and a beta of 1.55. Belmond has a 12-month low of $7.31 and a 12-month high of $12.02. The stock has a 50-day moving average price of $11.42 and a 200-day moving average price of $10.14.
Belmond (NYSE:BEL) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.01. The firm earned $158.10 million during the quarter, compared to analysts’ expectations of $163.25 million. Belmond had a return on equity of 2.70% and a net margin of 3.09%. Equities research analysts expect that Belmond will post $0.25 EPS for the current year.
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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