IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Rating Raised to “Hold” at Zacks Research

Zacks Research upgraded shares of IRSA Inversiones Y Representaciones (NYSE:IRS) to a hold rating in a report published on Wednesday morning,Zacks reports.

Other equities analysts also recently issued reports about the stock. Bank of America initiated coverage on shares of IRSA Inversiones Y Representaciones in a report on Tuesday. They set a “buy” rating and a $23.60 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.30.

IRSA Inversiones Y Representaciones Stock Up 2.2%

NYSE:IRS opened at $14.10 on Wednesday. IRSA Inversiones Y Representaciones has a twelve month low of $11.17 and a twelve month high of $19.14. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 4.29 and a beta of 1.27. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.39. The stock’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) last released its quarterly earnings data on Friday, August 14th. The financial services provider reported $1.26 EPS for the quarter. The company had revenue of $107.22 million during the quarter. IRSA Inversiones Y Representaciones had a return on equity of 17.99% and a net margin of 58.90%. Equities research analysts expect that IRSA Inversiones Y Representaciones will post 0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Hedge funds and other institutional investors have recently bought and sold shares of the business. Triumph Capital Management acquired a new position in IRSA Inversiones Y Representaciones during the second quarter worth approximately $48,000. FNY Investment Advisers LLC bought a new stake in IRSA Inversiones Y Representaciones in the second quarter valued at approximately $60,000. Kestra Private Wealth Services LLC acquired a new stake in shares of IRSA Inversiones Y Representaciones in the first quarter valued at approximately $170,000. QRG Capital Management Inc. lifted its position in shares of IRSA Inversiones Y Representaciones by 121.7% in the first quarter. QRG Capital Management Inc. now owns 22,328 shares of the financial services provider’s stock valued at $362,000 after buying an additional 12,255 shares during the last quarter. Finally, Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of IRSA Inversiones Y Representaciones in the first quarter valued at approximately $405,000. Institutional investors own 45.46% of the company’s stock.

About IRSA Inversiones Y Representaciones

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.