Belmond Ltd. (BEL) Receives Consensus Recommendation of “Hold” from Analysts
Belmond Ltd. (NYSE:BEL) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $14.50.
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Belmond from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub raised shares of Belmond from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Telsey Advisory Group raised shares of Belmond from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $14.00 to $16.00 in a research note on Tuesday, June 6th.
Large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP bought a new stake in Belmond during the first quarter valued at about $1,234,000. Parnassus Investments CA boosted its stake in Belmond by 100.0% in the first quarter. Parnassus Investments CA now owns 1,000,000 shares of the company’s stock valued at $12,100,000 after buying an additional 500,000 shares during the period. K.J. Harrison & Partners Inc boosted its stake in Belmond by 50.0% in the first quarter. K.J. Harrison & Partners Inc now owns 30,000 shares of the company’s stock valued at $363,000 after buying an additional 10,000 shares during the period. State of Alaska Department of Revenue boosted its stake in Belmond by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 9,330 shares of the company’s stock valued at $112,000 after buying an additional 190 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in Belmond by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 34,400 shares of the company’s stock valued at $416,000 after buying an additional 400 shares during the period. 75.45% of the stock is owned by institutional investors.
Belmond (BEL) traded up 0.38% during mid-day trading on Monday, hitting $13.05. 28,769 shares of the stock were exchanged. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 69.05 and a beta of 0.94. The company’s 50-day moving average price is $12.76 and its 200 day moving average price is $12.92. Belmond has a 52 week low of $10.86 and a 52 week high of $14.45.
Belmond (NYSE:BEL) last released its quarterly earnings results on Monday, May 8th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.05. Belmond had a return on equity of 1.74% and a net margin of 3.61%. The firm had revenue of $95.40 million for the quarter, compared to analysts’ expectations of $91.83 million. Equities research analysts expect that Belmond will post $0.19 EPS for the current year.
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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