Price Action Report: Is Belmond Ltd a Buy? The Stock Reaches 52-Week High Today

Price Action Report: Is Belmond Ltd a Buy? The Stock Reaches 52 Week High Today

The stock of Belmond Ltd (NYSE:BEL) hit a new 52-week high and has $15.39 target or 21.00% above today’s $12.72 share price. The 9 months bullish chart indicates low risk for the $1.55B company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $15.39 price target is reached, the company will be worth $325.50M 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 119,795 shares traded hands. Belmond Ltd (NYSE:BEL) has risen 38.69% since February 26, 2016 and is uptrending. It has outperformed by 28.26% 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 $25.59 million for 15.14 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 0.24% above today’s ($12.72) stock price. Belmond has been the topic of 11 analyst reports since September 3, 2015 according to StockzIntelligence Inc. As per Thursday, January 14, the company rating was downgraded by M Partners. The stock of Belmond Ltd (NYSE:BEL) earned “Buy” rating by Deutsche Bank on Friday, August 5. Telsey Advisory Group maintained the shares of BEL in a report on Friday, August 5 with “Market Perform” rating. The stock of Belmond Ltd (NYSE:BEL) earned “Market Perform” rating by Telsey Advisory Group on Friday, May 6. As per Friday, February 26, the company rating was maintained by Telsey Advisory Group. The company was downgraded on Thursday, September 3 by Zacks. The firm has “Overweight” rating given on Wednesday, March 9 by Barclays Capital. The rating was initiated by Telsey Advisory Group with “Underperform” on Monday, January 4. The stock has “Neutral” rating given by M Partners on Thursday, August 4. The rating was maintained by JMP Securities with “Market Outperform” on Monday, January 4.

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: Barrons.com which released: “Belmond, the Luxury Hotel Chain, Has a Smart Plan for Growth” on September 10, 2016, also Businesswire.com with their article: “Belmond Ltd. Reports Second Quarter 2016 Results” published on August 03, 2016, Investorplace.com published: “Now Is the Time to Buy Belmond Ltd Stock (BEL)” on May 25, 2016. More interesting news about Belmond Ltd (NYSE:BEL) were released by: Barrons.com and their article: “Belmond Ltd.” published on August 31, 2015 as well as Businesswire.com‘s news article titled: “Belmond Ltd. Reports Second Quarter 2015 Results” with publication date: July 29, 2015.

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