
Intercontinental Hotels Group (NYSE:IHG – Free Report) – Berenberg Bank issued their FY2026 earnings estimates for Intercontinental Hotels Group in a research report issued to clients and investors on Friday, September 4th. Berenberg Bank analyst J. Cummings expects that the company will post earnings of $5.88 per share for the year. The consensus estimate for Intercontinental Hotels Group’s current full-year earnings is $5.98 per share. Berenberg Bank also issued estimates for Intercontinental Hotels Group’s FY2027 earnings at $6.72 EPS and FY2028 earnings at $7.74 EPS.
A number of other research analysts have also recently commented on IHG. Sanford C. Bernstein raised their price target on Intercontinental Hotels Group from $141.00 to $154.00 and gave the stock a “market perform” rating in a research report on Friday, May 15th. UBS Group upgraded shares of Intercontinental Hotels Group from a “neutral” rating to a “buy” rating and set a $188.00 price objective on the stock in a research note on Wednesday, September 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Friday, August 21st. Zacks Research upgraded shares of Intercontinental Hotels Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Finally, Jefferies Financial Group upped their price target on shares of Intercontinental Hotels Group from $160.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Intercontinental Hotels Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.00.
Intercontinental Hotels Group Stock Performance
Intercontinental Hotels Group stock opened at $154.86 on Thursday. The stock’s fifty day moving average price is $160.43 and its two-hundred day moving average price is $152.16. Intercontinental Hotels Group has a one year low of $117.29 and a one year high of $175.89.
Intercontinental Hotels Group Cuts Dividend
The firm also recently announced a dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, August 21st will be given a $0.645 dividend. This represents a yield of 81.0%. The ex-dividend date is Friday, August 21st.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. ABC Arbitrage SA increased its holdings in Intercontinental Hotels Group by 31.0% in the 1st quarter. ABC Arbitrage SA now owns 134,259 shares of the company’s stock worth $17,918,000 after purchasing an additional 31,754 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Intercontinental Hotels Group by 1.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 710,121 shares of the company’s stock worth $100,006,000 after purchasing an additional 9,235 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Intercontinental Hotels Group by 55.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 406,572 shares of the company’s stock valued at $54,261,000 after buying an additional 145,360 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Intercontinental Hotels Group during the 2nd quarter worth approximately $3,259,000. Finally, TD Waterhouse Canada Inc. grew its holdings in Intercontinental Hotels Group by 179.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 16,306 shares of the company’s stock worth $2,747,000 after acquiring an additional 10,476 shares during the last quarter. Institutional investors own 15.09% of the company’s stock.
Intercontinental Hotels Group Company Profile
InterContinental Hotels Group PLC (NYSE: IHG), commonly known as IHG Hotels & Resorts, is a global hospitality company that develops, manages, franchises and licenses hotels and resorts. Its portfolio spans luxury, upscale, midscale and extended-stay segments, serving business and leisure travelers in markets around the world.
IHG’s brand portfolio includes InterContinental, Regent, Six Senses, Vignette Collection, Kimpton, Hotel Indigo, voco, Crowne Plaza, Holiday Inn, Holiday Inn Express, Garner, avid hotels, Candlewood Suites and Staybridge Suites.
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