The stock of Belmond Ltd (NYSE:BEL) hit a new 52-week high and has $20.00 target or 55.00% above today’s $12.90 share price. The 5 months bullish chart indicates low risk for the $1.59B company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $20.00 price target is reached, the company will be worth $874.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 244,755 shares traded hands. Belmond Ltd (NYSE:BEL) has risen 37.33% since March 30, 2016 and is uptrending. It has outperformed by 34.31% the S&P500.
Analysts await Belmond Ltd (NYSE:BEL) to report earnings on November, 2. They expect $0.21 EPS, up 50.00% or $0.07 from last year’s $0.14 per share. BEL’s profit will be $25.88 million for 15.36 P/E if the $0.21 EPS becomes a reality. After $0.04 actual EPS 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. $14 is the highest target while $8 is the lowest. The $12.75 average target is -1.16% below today’s ($12.9) stock price. Belmond has been the topic of 11 analyst reports since September 3, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating given on Thursday, January 14 by M Partners. Zacks downgraded the shares of BEL in a report on Thursday, September 3 to “Hold” rating. As per Monday, January 4, the company rating was initiated by Telsey Advisory Group. Telsey Advisory Group maintained the stock with “Market Perform” rating in Friday, August 5 report. JMP Securities maintained it with “Market Outperform” rating and $14 target price in Monday, January 4 report. Telsey Advisory Group maintained it with “Underperform” rating and $8.50 target price in Friday, February 26 report. The rating was upgraded by M Partners to “Neutral” on Thursday, August 4. The stock has “Market Perform” rating given by Telsey Advisory Group on Friday, May 6. As per Wednesday, March 9, the company rating was maintained by Barclays Capital. The stock of Belmond Ltd (NYSE:BEL) earned “Buy” rating by Deutsche Bank on Friday, August 5.
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 important 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 published article titled: “Now Is the Time to Buy Belmond Ltd Stock (BEL)”, Businesswire.com published: “Belmond Ltd. Reports Fourth Quarter and Full Year 2015 Results” on February 24, 2016. More interesting news about Belmond Ltd (NYSE:BEL) was released by: Businesswire.com and their article: “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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