The stock of Belmond Ltd (NYSE:BEL) is a huge mover today! The stock increased 3.02% or $0.38 during the last trading session, hitting $12.95. About 914,902 shares traded hands or 194.50% up from the average. Belmond Ltd (NYSE:BEL) has risen 33.16% since March 29, 2016 and is uptrending. It has outperformed by 29.68% the S&P500.
The move comes after 6 months positive chart setup for the $1.59 billion company. It was reported on Oct, 31 by Barchart.com. We have $21.37 PT which if reached, will make NYSE:BEL worth $1.03B more.
Analysts await Belmond Ltd (NYSE:BEL) to report earnings on November, 2. They expect $0.21 earnings per share, up 50.00% or $0.07 from last year’s $0.14 per share. BEL’s profit will be $25.78M for 15.42 P/E if the $0.21 EPS becomes a reality. After $0.04 actual earnings per share reported by Belmond Ltd for the previous quarter, Wall Street now forecasts 425.00% EPS growth.
Belmond Ltd (NYSE:BEL) Ratings Coverage
Out of 6 analysts covering Belmond (NYSE:BEL), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Belmond has been the topic of 11 analyst reports since September 3, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, March 9. Telsey Advisory Group initiated Belmond Ltd (NYSE:BEL) rating on Monday, January 4. Telsey Advisory Group has “Underperform” rating and $8 price target. Zacks downgraded the stock to “Hold” rating in Thursday, September 3 report. M Partners downgraded Belmond Ltd (NYSE:BEL) on Thursday, January 14 to “Sell” rating. Telsey Advisory Group maintained Belmond Ltd (NYSE:BEL) on Friday, May 6 with “Market Perform” rating. The rating was maintained by Telsey Advisory Group on Friday, August 5 with “Market Perform”. The stock of Belmond Ltd (NYSE:BEL) earned “Neutral” rating by M Partners on Thursday, August 4. The company was maintained on Monday, January 4 by JMP Securities. The firm earned “Buy” rating on Friday, August 5 by Deutsche Bank. The firm earned “Underperform” rating on Friday, February 26 by Telsey Advisory Group.
According to Zacks Investment Research, “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.”
More notable recent Belmond Ltd (NYSE:BEL) news were published by: Businesswire.com which released: “Belmond Names Roeland Vos President and Chief Executive Officer” on September 21, 2015, also Investorplace.com with their article: “Now Is the Time to Buy Belmond Ltd Stock (BEL)” published on May 25, 2016, Barrons.com published: “Belmond, the Luxury Hotel Chain, Has a Smart Plan for Growth” on September 10, 2016. More interesting news about Belmond Ltd (NYSE:BEL) were released by: Businesswire.com and their article: “Belmond Ltd. Reports Fourth Quarter and Full Year 2015 Results” published on February 24, 2016 as well as Businesswire.com‘s news article titled: “Belmond Ltd. Announces Timing of Third Quarter 2016 Earnings Release and …” with publication date: October 05, 2016.
BEL Company Profile
Belmond Ltd. (Belmond), formerly Orient-Express Hotels Ltd., incorporated on October 16, 1987, is a luxury hotel firm and adventure travel operator. The Firm 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. Belmond operates in six divisions, which include owned hotels-Europe, owned hotels-North America, owned hotels-Rest of World, part-owned/managed hotels, owned trains and cruises, and part-owned/managed trains. The Company’s properties operate in over 20 countries.
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