Belmond Ltd. (BEL) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Belmond Ltd. (NYSE:BEL) have received a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.50.
Several brokerages have recently issued reports on BEL. Zacks Investment Research lowered Belmond from a “buy” rating to a “hold” rating in a research note on Thursday, March 2nd. Telsey Advisory Group upgraded Belmond from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $14.00 to $16.00 in a report on Tuesday, June 6th.
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A number of large investors have recently added to or reduced their stakes in BEL. Russell Investments Group Ltd. bought a new stake in Belmond during the fourth quarter worth approximately $3,857,000. Comerica Bank increased its stake in Belmond by 6.6% in the fourth quarter. Comerica Bank now owns 76,775 shares of the company’s stock worth $1,013,000 after buying an additional 4,769 shares in the last quarter. Gabelli Funds LLC increased its stake in Belmond by 6.0% in the fourth quarter. Gabelli Funds LLC now owns 336,000 shares of the company’s stock worth $4,486,000 after buying an additional 19,000 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in Belmond by 1.3% in the first quarter. Gamco Investors INC. ET AL now owns 618,000 shares of the company’s stock worth $7,478,000 after buying an additional 8,000 shares in the last quarter. Finally, Hosking Partners LLP increased its stake in Belmond by 9.9% in the first quarter. Hosking Partners LLP now owns 3,314,625 shares of the company’s stock worth $40,107,000 after buying an additional 299,323 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.
Belmond (NYSE BEL) traded down 0.933% on Tuesday, reaching $13.275. The company had a trading volume of 3,125 shares. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 70.238 and a beta of 0.92. The company’s 50 day moving average price is $12.60 and its 200-day moving average price is $12.94. Belmond has a 12 month low of $9.10 and a 12 month high of $14.45.
Belmond (NYSE:BEL) last issued its quarterly earnings results on Monday, May 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.05. Belmond had a net margin of 3.61% and a return on equity of 1.74%. The firm had revenue of $95.40 million for the quarter, compared to analyst estimates of $91.83 million. On average, equities analysts predict that Belmond will post $0.19 earnings per share for the current fiscal year.
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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