InterContinental Hotels Group PLC (NYSE:IHG) – Investment analysts at Jefferies Financial Group reduced their FY2020 EPS estimates for InterContinental Hotels Group in a research report issued to clients and investors on Thursday, June 25th. Jefferies Financial Group analyst S. Bertolini now anticipates that the company will post earnings per share of $0.59 for the year, down from their prior forecast of $1.83. Jefferies Financial Group has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for InterContinental Hotels Group’s FY2021 earnings at $2.37 EPS.
A number of other analysts have also issued reports on the company. HSBC reaffirmed a “hold” rating on shares of InterContinental Hotels Group in a research report on Tuesday, June 23rd. They noted that the move was a valuation call. Barclays raised InterContinental Hotels Group from an “underweight” rating to an “overweight” rating in a research report on Friday, April 17th. Kepler Capital Markets raised InterContinental Hotels Group from a “reduce” rating to a “hold” rating in a research report on Monday, May 11th. Deutsche Bank reaffirmed a “buy” rating on shares of InterContinental Hotels Group in a research report on Monday, May 4th. Finally, Peel Hunt initiated coverage on InterContinental Hotels Group in a research report on Friday, June 26th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $55.00.
Shares of NYSE IHG opened at $45.22 on Monday. InterContinental Hotels Group has a 1 year low of $25.39 and a 1 year high of $71.02. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 13.16 and a beta of 1.24. The stock’s 50-day simple moving average is $46.99 and its 200-day simple moving average is $52.61.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in InterContinental Hotels Group by 7.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,428 shares of the company’s stock worth $304,000 after purchasing an additional 292 shares in the last quarter. Natixis Advisors L.P. raised its holdings in InterContinental Hotels Group by 105.3% during the fourth quarter. Natixis Advisors L.P. now owns 21,164 shares of the company’s stock worth $1,453,000 after purchasing an additional 10,853 shares in the last quarter. OneAscent Financial Services LLC bought a new stake in InterContinental Hotels Group during the fourth quarter worth approximately $306,000. Envestnet Asset Management Inc. raised its holdings in InterContinental Hotels Group by 6.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,681 shares of the company’s stock worth $1,352,000 after purchasing an additional 1,120 shares in the last quarter. Finally, Atria Investments LLC raised its holdings in InterContinental Hotels Group by 40.0% during the fourth quarter. Atria Investments LLC now owns 5,761 shares of the company’s stock worth $396,000 after purchasing an additional 1,647 shares in the last quarter. 4.74% of the stock is currently owned by institutional investors.
InterContinental Hotels Group Company Profile
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
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