Positive Press Coverage Somewhat Unlikely to Impact Belmond (BEL) Share Price

Headlines about Belmond (NYSE:BEL) have been trending positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Belmond earned a coverage optimism score of 0.28 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.5597743682632 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Belmond (NYSE BEL) opened at 12.35 on Friday. The firm has a 50-day moving average price of $12.95 and a 200 day moving average price of $12.78. Belmond has a 1-year low of $10.86 and a 1-year high of $14.45. The company has a market capitalization of $1.26 billion, a P/E ratio of 205.83 and a beta of 0.93.

Belmond (NYSE:BEL) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.07. The business had revenue of $165.90 million during the quarter, compared to analysts’ expectations of $168.93 million. Belmond had a return on equity of 3.99% and a net margin of 1.18%. On average, equities analysts predict that Belmond will post $0.17 EPS for the current year.

BEL has been the subject of several analyst reports. Zacks Investment Research raised shares of Belmond from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Telsey Advisory Group upgraded Belmond from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $14.00 to $16.00 in a research note on Tuesday, June 6th. BidaskClub upgraded Belmond from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Barclays PLC restated an “overweight” rating and issued a $15.00 price target (down from $16.00) on shares of Belmond in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $14.40.

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Belmond Company Profile

Belmond Ltd. (Belmond) is a hotel company and adventure travel operator. As of December 31, 2016, Belmond owned, partially-owned and/or operated 45 properties, consisting of 34 individual deluxe hotels, 29 of which are owned (including nine under long-term lease), five European tourist trains, two cruise ships in Myanmar (one of which is under long-term charter), one French canal cruise business consisting of five small canal boats, and one stand-alone restaurant in the United States.

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