As the IHG share price soars, does it have more upside?
Intercontinental Hotels Group (IHG) share price has done well this year, rising by over 24% in London. It soared to a high of 8,345p, its highest point since July 17, while its American ADR has jumped to a record high of $114.5.
InterContinental Hotels Group: Widening Competitive Moat At A Lower Valuation
InterContinental Hotels Group is enhancing its competitive advantage by expanding its rewards program, increasing direct bookings through its app, and growing its portfolio of luxury and lifestyle brands. Despite economic challenges, IHG reported strong financial results in the first half of 2024, with growth in revenue per available room (RevPAR), system size, and hotel pipeline. Shares of InterContinental Hotels appear reasonably valued, but investors should keep in mind the high risk of recession in the U.S., and the current economic weakness in China.
InterContinental Hotels Group PLC (IHG) Q2 2024 Earnings Call Transcript
InterContinental Hotels Group PLC (NYSE:IHG ) Q2 2024 Results Conference Call August 6, 2024 4:30 AM ET Company Participants Stuart Ford - Head, IR Elie Maalouf - Group CEO Michael Glover - CFO Heather Balsley - Chief Commercial & Marketing Officer Conference Call Participants Vicki Stern - Barclays Jamie Rollo - Morgan Stanley Richard Clarke - Bernstein Jaina Mistry - Jefferies Estelle Weingrod - JPMorgan Muneeba Kayani - Bank of America Jarrod Castle - UBS Jaafar Mestari - BNP Paribas Alex Brignall - Redburn Lantech Andre Juillard - Deutsche Bank Operator We now begin the Q&A session. [Operator Instructions] Question-and-Answer Session Operator [Operator Instructions] Our first question for today comes from Vicki Stern of Barclays.
InterContinental Hotels Group plc (IHG) Q2 2024 Earnings Call Pre-Recorded Presentation Transcript
InterContinental Hotels Group plc (NYSE:IHG ) Q2 2024 Earnings Call Pre-Recorded Presentation August 6, 2024 3:45 AM ET Company Participants Stuart Ford - IR Elie Maalouf - CEO Michael Glover - CFO Heather Balsley - CCO Stuart Ford Hello, and welcome to IHG's 2024 Half Year Results Presentation. I'm Stuart Ford, Senior Vice President and Head of Investor Relations at IHG Hotels & Resorts.
InterContinental Hotels growth held back by China decline
InterContinental Hotels Group PLC reported an acceleration in revenue growth in the past quarter as improvement in North America helped offset worsening declines in China. The owner of the Holiday Inn, Crown Plaza and Kimpton hotel chains grew revenue per available room (revPAR) 3.0% in the first half of 2024, with 3.2% growth in the second quarter improving from a 2.6% reduction in the first.
InterContinental Hotels (IHG) is a Great Momentum Stock: Should You Buy?
Does InterContinental Hotels (IHG) have what it takes to be a top stock pick for momentum investors? Let's find out.
Is Intercontinental Hotels Group (IHG) Outperforming Other Consumer Discretionary Stocks This Year?
Here is how InterContinental Hotels (IHG) and Lincoln Educational Services Corporation (LINC) have performed compared to their sector so far this year.
Are Consumer Discretionary Stocks Lagging Intercontinental Hotels Group (IHG) This Year?
Here is how InterContinental Hotels (IHG) and Lincoln Educational Services Corporation (LINC) have performed compared to their sector so far this year.
Meridian Wealth Management LLC Makes New Investment in InterContinental Hotels Group PLC (NYSE:IHG)
Meridian Wealth Management LLC bought a new position in InterContinental Hotels Group PLC (NYSE:IHG – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,355 shares of the company’s stock, valued at approximately $215,000. Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC bought a new stake in InterContinental Hotels Group in the fourth quarter valued at about $74,000. Allworth Financial LP lifted its stake in InterContinental Hotels Group by 1,900.0% during the third quarter. Allworth Financial LP now owns 780 shares of the company’s stock worth $58,000 after purchasing an additional 741 shares during the last quarter. Blue Trust Inc. boosted its holdings in InterContinental Hotels Group by 15,850.0% in the fourth quarter. Blue Trust Inc. now owns 957 shares of the company’s stock worth $87,000 after purchasing an additional 951 shares during the period. New York State Common Retirement Fund bought a new stake in InterContinental Hotels Group during the third quarter valued at $73,000. Finally, DGS Capital Management LLC acquired a new stake in shares of InterContinental Hotels Group during the fourth quarter worth $215,000. Institutional investors and hedge funds own 15.09% of the company’s stock. InterContinental Hotels Group Stock Performance NYSE IHG opened at $100.45 on Monday. The company has a 50-day moving average price of $101.66 and a two-hundred day moving average price of $94.69. InterContinental Hotels Group PLC has a 52 week low of $65.22 and a 52 week high of $112.08. InterContinental Hotels Group Increases Dividend The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 14th. Investors of record on Friday, April 5th were issued a $1.04 dividend. This represents a yield of 1.4%. This is a positive change from InterContinental Hotels Group’s previous semi-annual dividend of $0.48. The ex-dividend date of this dividend was Thursday, April 4th. Analyst Upgrades and Downgrades A number of brokerages recently weighed in on IHG. Jefferies Financial Group downgraded shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Sanford C. Bernstein lowered InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a report on Wednesday, March 13th. StockNews.com downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Societe Generale downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, InterContinental Hotels Group currently has a consensus rating of “Hold”. Get Our Latest Report on InterContinental Hotels Group About InterContinental Hotels Group (Free Report) 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 under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names. See Also Five stocks we like better than InterContinental Hotels Group What is the Dogs of the Dow Strategy? Overview and Examples JD’s Earnings Could Mean Chinese Stocks Making a Comeback The Top 3 Healthcare Dividend Stocks to Buy and Hold Canada Goose Flies Higher Driven By DTC Growth Which Wall Street Analysts are the Most Accurate? CVS Health Stock Has a Silver Lining Called Value Want to see what other hedge funds are holding IHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InterContinental Hotels Group PLC (NYSE:IHG – Free Report).
