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InterContinental Hotels (IHG) Gets a Buy from J.P. Morgan

Tipranks - Tipranks - Thu May 28, 8:12AM CDT

In a report released today, Estelle Weingrod from J.P. Morgan maintained a Buy rating on InterContinental Hotels, with a price target of $177.00.

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According to TipRanks, Weingrod is an analyst with an average return of -3.1% and a 42.86% success rate. Weingrod covers the Consumer Cyclical sector, focusing on stocks such as Whitbread, Flutter Entertainment PLC, and Lottomatica Group S.P.A..

In addition to J.P. Morgan, InterContinental Hotels also received a Buy from Bank of America Securities’s Muneeba Kayani in a report issued on May 19. However, on May 12, Bernstein maintained a Hold rating on InterContinental Hotels (LSE: IHG).

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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 neutral on the stock.

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