FY2021 Earnings Forecast for InterContinental Hotels Group PLC Issued By Jefferies Financial Group (NYSE:IHG)


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InterContinental Hotels Group PLC (NYSE:IHG) – Research analysts at Jefferies Financial Group dropped their FY2021 earnings estimates for shares of InterContinental Hotels Group in a research report issued on Wednesday, April 7th. Jefferies Financial Group analyst B. Lane now anticipates that the company will post earnings of $0.92 per share for the year, down from their previous estimate of $1.11.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. restated an “underweight” rating on shares of InterContinental Hotels Group in a research note on Tuesday, March 9th. UBS Group restated a “sell” rating on shares of InterContinental Hotels Group in a research note on Thursday, March 11th. Exane BNP Paribas downgraded InterContinental Hotels Group from a “neutral” rating to an “underperform” rating in a research note on Monday, January 25th. Peel Hunt downgraded InterContinental Hotels Group from a “hold” rating to a “reduce” rating in a research note on Monday, February 22nd. Finally, Morgan Stanley restated an “equal weight” rating on shares of InterContinental Hotels Group in a research note on Thursday, February 18th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $55.00.

IHG stock opened at $71.15 on Thursday. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 21.50 and a beta of 1.34. InterContinental Hotels Group has a fifty-two week low of $36.55 and a fifty-two week high of $75.20. The stock has a fifty day moving average of $70.48 and a 200-day moving average of $62.96.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Highland Capital Management LLC raised its holdings in shares of InterContinental Hotels Group by 3.6% during the 4th quarter. Highland Capital Management LLC now owns 42,725 shares of the company’s stock valued at $2,782,000 after buying an additional 1,500 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of InterContinental Hotels Group by 65.5% during the 4th quarter. Toronto Dominion Bank now owns 1,630 shares of the company’s stock valued at $106,000 after buying an additional 645 shares in the last quarter. Veriti Management LLC purchased a new position in shares of InterContinental Hotels Group during the 4th quarter valued at about $426,000. Capital Asset Advisory Services LLC raised its holdings in shares of InterContinental Hotels Group by 44.2% during the 4th quarter. Capital Asset Advisory Services LLC now owns 9,760 shares of the company’s stock valued at $636,000 after buying an additional 2,991 shares in the last quarter. Finally, Avalon Investment & Advisory raised its holdings in shares of InterContinental Hotels Group by 4.5% during the 4th quarter. Avalon Investment & Advisory now owns 37,869 shares of the company’s stock valued at $2,466,000 after buying an additional 1,648 shares in the last quarter. 3.90% of the stock is currently owned by institutional investors.

About InterContinental Hotels Group

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, restaurants, and spas under the EVEN Hotels, HUALUXE Hotels and Resorts, avid hotels, voco hotels, Kimpton Hotels & Restaurants, Regent Hotels & Resorts, Six Senses Hotels Resorts Spas, Atwell Suites, InterContinental Hotels & Resorts, Hotel Indigo, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, and Candlewood Suites.

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