Stock of The Day: After Touching 52-Week High, Is Belmond Ltd’s Near-Term Analysis Positive?

Stock of The Day: After Touching 52 Week High, Is Belmond Ltd's Near Term Analysis Positive?

The stock of Belmond Ltd (NYSE:BEL) hit a new 52-week high and has $14.02 target or 8.00% above today’s $12.98 share price. The 7 months bullish chart indicates low risk for the $1.58B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $14.02 price target is reached, the company will be worth $126.40M 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 256,688 shares traded hands. Belmond Ltd (NYSE:BEL) has risen 40.24% since April 25, 2016 and is uptrending. It has outperformed by 34.22% the S&P500.

Analysts await Belmond Ltd (NYSE:BEL) to report earnings on February, 22. They expect $0.04 EPS, up 33.33% or $0.01 from last year’s $0.03 per share. BEL’s profit will be $4.87M for 81.13 P/E if the $0.04 EPS becomes a reality. After $0.23 actual EPS reported by Belmond Ltd for the previous quarter, Wall Street now forecasts -82.61% negative EPS growth.

Belmond Ltd (NYSE:BEL) Ratings Coverage

Out of 6 analysts covering Belmond (NYSE:BEL), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $14 is the highest target while $8 is the lowest. The $12.75 average target is -1.77% below today’s ($12.98) stock price. Belmond has been the topic of 12 analyst reports since September 3, 2015 according to StockzIntelligence Inc. Deutsche Bank downgraded it to “Hold” rating and $13 target price in Friday, November 4 report. The firm has “Overweight” rating given on Wednesday, March 9 by Barclays Capital. On Thursday, September 3 the stock rating was downgraded by Zacks to “Hold”. The stock has “Market Perform” rating given by Telsey Advisory Group on Friday, August 5. On Friday, May 6 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. The company was downgraded on Thursday, January 14 by M Partners. The rating was upgraded by M Partners to “Neutral” on Thursday, August 4. As per Friday, August 5, the company rating was maintained by Deutsche Bank. The firm has “Underperform” rating given on Monday, January 4 by Telsey Advisory Group. The stock of Belmond Ltd (NYSE:BEL) earned “Underperform” rating by Telsey Advisory Group on Friday, February 26.

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: Barrons.com which released: “Belmond Ltd.” on August 31, 2015, also Businesswire.com published article titled: “Belmond Ltd. Reports Second Quarter 2016 Results”, 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) was released by: Businesswire.com and their article: “Belmond Ltd. Reports Second Quarter 2015 Results” with publication date: July 29, 2015.

BEL Company Profile

Belmond Ltd. operates a global collection of hotel and luxury travel adventures in various destinations worldwide. Operated and marketed under the Belmond brand (belmond.com), the Company’s collection embraces 47 hotel, river cruise, safari and luxury rail businesses in 23 countries. 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, seven luxury tourist trains, including the Venice Simplon-Orient-Express, and three river cruises. Belmond also owns and operates the standalone restaurant ‘21’ Club in New York.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment