Intercontinental Hotels Group ADR (NYSE: IHG) is 15.88% higher on its value in year-to-date trading and has touched a low of $64.01 and a high of $112.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IHG stock was last observed hovering at around $106.62 in the last trading session, with the day’s loss setting it -0.96%.
Currently trading at $105.66, the stock is -0.22% and 3.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing -0.90% at the moment leaves the stock 26.86% off its SMA200. IHG registered 64.48% gain for a year compared to 6-month gain of 43.48%. The firm has a 50-day simple moving average (SMA 50) of $4.19 and a 200-day simple moving average (SMA200) of $15.21.
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The stock witnessed a -3.52% loss in the last 1 month and extending the period to 3 months gives it a 16.12%, and is 1.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.97% over the week and 1.09% over the month.
Intercontinental Hotels Group ADR (IHG) has around 13462 employees, a market worth around $17.29B and $4.60B in sales. Current P/E ratio is 24.06 and Fwd P/E is 21.95. Profit margin for the company is 16.24%. Distance from 52-week low is 65.07% and -5.73% from its 52-week high. The company has generated returns on investments over the last 12 months (73.81%).
Intercontinental Hotels Group ADR quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 13.49% this year
210 institutions hold shares in Intercontinental Hotels Group ADR (IHG), with institutional investors hold 7.43% of the company’s shares. The shares outstanding are 164.66M, and float is at 163.66M with Short Float at 0.08%. Institutions hold 7.43% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 5.0 million shares valued at $352.09 million. The investor’s holdings represent 3.02% of the IHG Shares outstanding. As of Jun 29, 2023, the second largest holder is Morgan Stanley with 0.67 million shares valued at $47.37 million to account for 0.41% of the shares outstanding. The other top investors are Goldman Sachs Group Inc which holds 0.62 million shares representing 0.37% and valued at over $43.38 million, while Royal Bank of Canada holds 0.37% of the shares totaling 0.6 million with a market value of $42.56 million.
