According to Zacks, “Belmond is a global collection of exceptional hotel and luxury travel adventures in some of the world’s most inspiring and enriching destinations. Established almost 40 years ago with the acquisition of Belmond Hotel Cipriani in Venice, the Company owns and operates unique and distinctive hotel, rail and river cruise experiences in many of the world’s most celebrated destinations. From city landmarks to intimate resorts, the collection includes Belmond Grand Hotel Europe, St. Petersburg; Belmond Copacabana Palace, Rio de Janeiro; Belmond Maroma Resort & Spa, Riviera Maya; and Belmond El Encanto, Santa Barbara. Belmond also encompasses safaris, six luxury tourist trains including the Venice Simplon-Orient-Express, three river cruises and ’21’, one of New York’s most storied restaurants. “
BEL has been the topic of several other reports. Barclays PLC reaffirmed a buy rating and issued a $13.00 price target on shares of Belmond in a report on Thursday, August 11th. Deutsche Bank AG boosted their target price on shares of Belmond from $12.00 to $13.00 and gave the company a buy rating in a research note on Friday, August 5th. Telsey Advisory Group boosted their target price on shares of Belmond from $10.00 to $11.00 and gave the company a market perform rating in a research note on Friday, August 5th. Finally, MKM Partners upgraded shares of Belmond from a sell rating to a neutral rating and boosted their target price for the company from $9.50 to $12.00 in a research note on Thursday, August 4th. < One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. The stock has an average rating of Hold and a consensus price target of C$12.67.
Belmond (NYSE:BEL) traded down 0.835% on Wednesday, reaching $12.465. 43,115 shares of the company were exchanged. Belmond has a 52 week low of $7.31 and a 52 week high of $12.86. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 74.641 and a beta of 1.51. The stock has a 50-day moving average price of $11.75 and a 200 day moving average price of $10.37.
Belmond (NYSE:BEL) last posted its earnings results on Wednesday, August 3rd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.01. Belmond had a return on equity of 2.70% and a net margin of 3.09%. The firm had revenue of $158.10 million for the quarter, compared to analyst estimates of $163.25 million. Analysts forecast that Belmond will post $0.25 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. purchased a new position in Belmond during the second quarter valued at approximately $100,000. PineBridge Investments L.P. raised its position in Belmond by 4.1% in the second quarter. PineBridge Investments L.P. now owns 11,074 shares of the company’s stock valued at $110,000 after buying an additional 437 shares in the last quarter. Hsbc Holdings PLC raised its position in Belmond by 8.2% in the second quarter. Hsbc Holdings PLC now owns 11,097 shares of the company’s stock valued at $111,000 after buying an additional 844 shares in the last quarter. Clinton Group Inc. purchased a new position in Belmond during the second quarter valued at approximately $116,000. Finally, Teacher Retirement System of Texas raised its position in Belmond by 12.2% in the second quarter. Teacher Retirement System of Texas now owns 12,699 shares of the company’s stock valued at $126,000 after buying an additional 1,380 shares in the last quarter. Institutional investors and hedge funds own 76.78% of the company’s stock.
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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