IRSA Inversiones Y Representaciones (NYSE:IRS – Get Free Report) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research note issued to investors on Wednesday, Zacks reports.
Other equities research analysts have also issued research reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Thursday. Bank of America started coverage on IRSA Inversiones Y Representaciones in a research report on Tuesday. They issued a “buy” rating and a $23.60 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.30.
Read Our Latest Report on IRSA Inversiones Y Representaciones
IRSA Inversiones Y Representaciones Stock Performance
Shares of IRSA Inversiones Y Representaciones stock opened at $14.10 on Wednesday. IRSA Inversiones Y Representaciones has a fifty-two week low of $11.17 and a fifty-two week high of $19.14. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.94 and a quick ratio of 2.94. The firm has a market capitalization of $1.19 billion, a P/E ratio of 4.29 and a beta of 1.27. The company’s 50 day moving average price is $14.73 and its two-hundred day moving average price is $15.12.
IRSA Inversiones Y Representaciones (NYSE:IRS – Get Free Report) last posted its earnings results on Friday, August 14th. The financial services provider reported $1.26 earnings per share for the quarter. IRSA Inversiones Y Representaciones had a net margin of 58.90% and a return on equity of 17.99%. The firm had revenue of $107.22 million for the quarter. On average, equities analysts forecast that IRSA Inversiones Y Representaciones will post 0.21 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Secure Asset Management LLC lifted its position in shares of IRSA Inversiones Y Representaciones by 1.3% in the 2nd quarter. Secure Asset Management LLC now owns 92,154 shares of the financial services provider’s stock worth $1,423,000 after purchasing an additional 1,200 shares during the period. OceanIQ Capital LLC bought a new stake in shares of IRSA Inversiones Y Representaciones in the 2nd quarter valued at $968,000. Y Intercept Hong Kong Ltd bought a new stake in shares of IRSA Inversiones Y Representaciones in the 1st quarter valued at $712,000. Verde Servicos Internacionais S.A. bought a new stake in shares of IRSA Inversiones Y Representaciones in the 1st quarter valued at $648,000. Finally, Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of IRSA Inversiones Y Representaciones during the first quarter worth $405,000. Institutional investors own 45.46% of the company’s stock.
IRSA Inversiones Y Representaciones Company Profile
IRSA Inversiones y Representaciones Sociedad Anónima is an Argentine real estate company engaged in the acquisition, development, leasing and management of properties. Its portfolio includes shopping centers, office buildings, hotels and residential real estate, serving consumers, businesses and other tenants primarily in Argentina.
The company’s activities span the development and operation of retail properties, the ownership and leasing of commercial office space, hotel operations and the development of residential projects.
Recommended Stories
- Five stocks we like better than IRSA Inversiones Y Representaciones
- ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
Receive News & Ratings for IRSA Inversiones Y Representaciones Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IRSA Inversiones Y Representaciones and related companies with MarketBeat.com's FREE daily email newsletter.
