Belmond Ltd. (NYSE:BEL)‘s stock had its “overweight” rating reiterated by Barclays PLC in a report issued on Thursday. They presently have a $15.00 price objective on the stock, down from their prior price objective of $16.00. Barclays PLC’s price target would suggest a potential upside of 21.95% from the stock’s current price.
Several other equities research analysts also recently weighed in on the company. BidaskClub downgraded Belmond from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Belmond from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Telsey Advisory Group raised Belmond from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $14.00 to $16.00 in a report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.40.
Belmond (BEL) traded down 4.28% during midday trading on Thursday, hitting $12.30. 646,023 shares of the stock traded hands. Belmond has a 12 month low of $10.86 and a 12 month high of $14.45. The firm has a market cap of $1.26 billion, a PE ratio of 205.00 and a beta of 0.93. The company’s 50 day moving average price is $13.07 and its 200 day moving average price is $12.84.
Belmond (NYSE:BEL) last announced its quarterly earnings results on Monday, August 7th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The company had revenue of $165.90 million during the quarter, compared to analyst estimates of $168.93 million. Belmond had a return on equity of 3.99% and a net margin of 1.18%. Equities research analysts predict that Belmond will post $0.18 earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of BEL. BlackRock Inc. raised its stake in shares of Belmond by 3.9% in the second quarter. BlackRock Inc. now owns 10,522,601 shares of the company’s stock valued at $139,950,000 after buying an additional 396,895 shares in the last quarter. Nationwide Fund Advisors raised its position in Belmond by 2.9% in the second quarter. Nationwide Fund Advisors now owns 71,187 shares of the company’s stock valued at $947,000 after buying an additional 1,975 shares during the period. Ameriprise Financial Inc. raised its position in Belmond by 0.7% in the second quarter. Ameriprise Financial Inc. now owns 446,575 shares of the company’s stock valued at $5,940,000 after buying an additional 3,130 shares during the period. Teachers Advisors LLC raised its position in Belmond by 1.2% in the second quarter. Teachers Advisors LLC now owns 1,328,247 shares of the company’s stock valued at $17,666,000 after buying an additional 15,709 shares during the period. Finally, Riverhead Capital Management LLC raised its position in Belmond by 99.7% in the second quarter. Riverhead Capital Management LLC now owns 10,186 shares of the company’s stock valued at $135,000 after buying an additional 5,086 shares during the period. 75.46% of the stock is owned by institutional investors and hedge funds.
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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