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. “
A number of other brokerages also recently issued reports on BEL. Telsey Advisory Group upped their price objective on shares of Belmond from $10.00 to $11.00 and gave the stock a market perform rating in a research report on Friday, August 5th. 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. 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. < Finally, Barclays PLC reiterated a buy rating and issued a $13.00 target price on shares of Belmond in a research note on Thursday, August 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of C$12.67.
Shares of Belmond (NYSE:BEL) opened at 12.29 on Tuesday. The firm’s 50 day moving average is $11.86 and its 200 day moving average is $10.46. The company has a market cap of $1.25 billion, a PE ratio of 73.59 and a beta of 1.51. Belmond has a 12 month low of $7.31 and a 12 month high of $12.86.
Belmond (NYSE:BEL) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.01. Belmond had a return on equity of 2.70% and a net margin of 3.09%. The firm earned $158.10 million during the quarter, compared to the consensus estimate of $163.25 million. On average, equities analysts predict that Belmond will post $0.25 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the stock. Fox Run Management L.L.C. acquired a new stake in shares of Belmond during the second quarter worth approximately $100,000. PineBridge Investments L.P. boosted its stake in shares of Belmond by 4.1% in the second quarter. PineBridge Investments L.P. now owns 11,074 shares of the company’s stock worth $110,000 after buying an additional 437 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Belmond by 8.2% in the second quarter. Hsbc Holdings PLC now owns 11,097 shares of the company’s stock worth $111,000 after buying an additional 844 shares during the last quarter. Clinton Group Inc. acquired a new stake in shares of Belmond during the second quarter worth approximately $116,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of Belmond by 12.2% in the second quarter. Teacher Retirement System of Texas now owns 12,699 shares of the company’s stock worth $126,000 after buying an additional 1,380 shares during the last quarter. Institutional investors own 76.78% of the company’s stock.
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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