Belmond Ltd (NYSE:BEL) shares shot up 1.5% on Thursday . The company traded as high as $18.85 and last traded at $19.04. 35,976 shares were traded during trading, a decline of 94% from the average session volume of 626,502 shares. The stock had previously closed at $18.75.
A number of brokerages have weighed in on BEL. Jefferies Financial Group reissued a “buy” rating and set a $22.00 price target on shares of Belmond in a research note on Thursday. ValuEngine raised Belmond from a “hold” rating to a “buy” rating in a research report on Thursday, August 9th. Zacks Investment Research lowered Belmond from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Finally, Deutsche Bank increased their target price on Belmond to $17.00 and gave the stock a “hold” rating in a research report on Friday, August 10th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Belmond currently has a consensus rating of “Buy” and a consensus price target of $18.50.
The company has a quick ratio of 1.45, a current ratio of 1.31 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 152.00, a price-to-earnings-growth ratio of 6.58 and a beta of 1.48.
Belmond (NYSE:BEL) last issued its earnings results on Tuesday, November 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. The business had revenue of $193.20 million for the quarter, compared to analyst estimates of $193.78 million. Belmond had a positive return on equity of 4.42% and a negative net margin of 5.88%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts predict that Belmond Ltd will post 0.25 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Belmond in the 3rd quarter worth $235,000. Trexquant Investment LP purchased a new position in shares of Belmond in the 3rd quarter worth $293,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Belmond in the 2nd quarter worth $198,000. Fox Run Management L.L.C. purchased a new position in shares of Belmond in the 3rd quarter worth $418,000. Finally, KBC Group NV raised its position in shares of Belmond by 36.0% in the 2nd quarter. KBC Group NV now owns 24,188 shares of the company’s stock worth $270,000 after buying an additional 6,402 shares during the period. 83.12% of the stock is currently owned by institutional investors and hedge funds.
About Belmond (NYSE:BEL)
Belmond Ltd. engages in the hotel and travel businesses. As of December 31, 2017, the company owned, invested in, or managed 36 deluxe hotels and resort properties in the United States, Mexico, The Caribbean, Europe, Southern Africa, South America, and Southeast Asia; 1 stand-alone restaurant in New York; 7 tourist trains in Europe, Southeast Asia, and Peru; 1 river cruise in Myanmar; and 1 canal boat business in France.
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