Belmond Ltd (BEL) Receives Average Recommendation of “Hold” from Analysts
Shares of Belmond Ltd (NYSE:BEL) have received an average rating of “Hold” from the six analysts that are currently covering the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $13.25.
BEL has been the subject of several research reports. Zacks Investment Research cut shares of Belmond from a “buy” rating to a “hold” rating in a research note on Thursday, March 2nd. Barclays PLC set a $16.00 price objective on shares of Belmond and gave the company a “buy” rating in a research note on Tuesday, February 14th.
Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Belmond during the fourth quarter valued at approximately $3,857,000. New South Capital Management Inc. boosted its position in Belmond by 0.5% in the fourth quarter. New South Capital Management Inc. now owns 4,064,457 shares of the company’s stock valued at $54,260,000 after buying an additional 19,930 shares in the last quarter. Advisory Research Inc. purchased a new position in Belmond during the fourth quarter valued at about $2,201,000. Comerica Bank boosted its position in Belmond by 6.6% in the fourth quarter. Comerica Bank now owns 76,775 shares of the company’s stock valued at $1,013,000 after buying an additional 4,769 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in Belmond by 5.1% in the third quarter. BlackRock Group LTD now owns 145,183 shares of the company’s stock valued at $1,845,000 after buying an additional 7,064 shares in the last quarter. Institutional investors and hedge funds own 77.60% of the company’s stock.
Shares of Belmond (NYSE:BEL) traded down 0.612% during mid-day trading on Friday, reaching $12.175. 83,703 shares of the company’s stock were exchanged. Belmond has a one year low of $9.08 and a one year high of $14.45. The company’s 50-day moving average price is $12.20 and its 200-day moving average price is $12.90. The company has a market capitalization of $1.24 billion, a PE ratio of 64.418 and a beta of 1.24.
Belmond (NYSE:BEL) last announced its quarterly earnings data on Monday, May 8th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by $0.05. Belmond had a net margin of 5.31% and a return on equity of 3.97%. The business had revenue of $95.40 million for the quarter, compared to analyst estimates of $91.83 million. On average, equities analysts expect that Belmond will post $0.20 earnings per share for the current year.
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Belmond Company Profile
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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