Bernstein Sticks to Its Hold Rating for InterContinental Hotels (IHG)

Bernstein analyst Richard Clarke maintained a Hold rating on InterContinental Hotels yesterday. The company’s shares closed yesterday at $150.40.

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According to TipRanks, Clarke is a 3-star analyst with an average return of 2.2% and a 52.41% success rate. Clarke covers the Consumer Cyclical sector, focusing on stocks such as Booking Holdings, Expedia, and Airbnb.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for InterContinental Hotels with a $151.00 average price target.

Based on InterContinental Hotels’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.67 billion and a net profit of $291 million. In comparison, last year the company earned a revenue of $2.08 billion and had a net profit of $224.6 million

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IHG in relation to earlier this year.