Belmond (BEL) Stock Rating Upgraded by ValuEngine

Belmond (NYSE:BEL) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

A number of other analysts have also commented on BEL. Deutsche Bank raised their price target on Belmond to $17.00 and gave the stock a “hold” rating in a research note on Friday, August 10th. Zacks Investment Research raised Belmond from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, October 10th. Jefferies Financial Group set a $13.00 price target on Belmond and gave the stock a “hold” rating in a research note on Thursday, August 9th. Finally, Barclays lowered Belmond from an “overweight” rating to an “underweight” rating and raised their price target for the stock from $14.00 to $15.00 in a research note on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $18.00.

Shares of Belmond stock opened at $18.29 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.45 and a debt-to-equity ratio of 1.16. Belmond has a 52-week low of $10.30 and a 52-week high of $18.69. The company has a market capitalization of $1.88 billion, a PE ratio of 152.50, a PEG ratio of 6.40 and a beta of 1.53.

Belmond (NYSE:BEL) last issued its earnings results on Wednesday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04. Belmond had a negative net margin of 6.84% and a positive return on equity of 1.48%. The firm had revenue of $171.60 million for the quarter, compared to analysts’ expectations of $176.22 million. As a group, analysts predict that Belmond will post 0.19 EPS for the current year.

A number of hedge funds have recently made changes to their positions in BEL. Parnassus Investments CA lifted its position in Belmond by 76.5% during the second quarter. Parnassus Investments CA now owns 1,765,147 shares of the company’s stock valued at $19,681,000 after buying an additional 765,147 shares during the period. BlackRock Inc. lifted its position in Belmond by 6.4% during the second quarter. BlackRock Inc. now owns 11,956,270 shares of the company’s stock valued at $133,312,000 after buying an additional 721,612 shares during the period. JPMorgan Chase & Co. lifted its position in Belmond by 651.3% during the first quarter. JPMorgan Chase & Co. now owns 692,442 shares of the company’s stock valued at $7,720,000 after buying an additional 600,278 shares during the period. Long Pond Capital LP purchased a new position in Belmond during the second quarter valued at $4,436,000. Finally, Caerus Investors LLC purchased a new position in Belmond during the second quarter valued at $3,748,000. 83.09% of the stock is owned by institutional investors.

Belmond Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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