IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Rating Upgraded by Zacks Research

IRSA Inversiones Y Representaciones (NYSE:IRS) was upgraded by equities researchers at Zacks Research to a “hold” rating in a research report issued on Wednesday, Zacks reports.

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

IRSA Inversiones Y Representaciones Stock Performance

Shares of IRS opened at $14.10 on Wednesday. The company’s 50 day simple moving average is $14.73 and its 200-day simple moving average is $15.12. The firm has a market cap of $1.19 billion, a PE ratio of 4.29 and a beta of 1.27. IRSA Inversiones Y Representaciones has a 12-month low of $11.17 and a 12-month high of $19.14. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.39.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its quarterly earnings results on Friday, August 14th. The financial services provider reported $1.26 EPS 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 during the quarter. As a group, equities analysts predict that IRSA Inversiones Y Representaciones will post 0.21 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IRS. OceanIQ Capital LLC acquired a new stake in IRSA Inversiones Y Representaciones in the second quarter valued at about $968,000. Verde Servicos Internacionais S.A. purchased a new stake in IRSA Inversiones Y Representaciones in the 1st quarter valued at approximately $648,000. Y Intercept Hong Kong Ltd acquired a new position in IRSA Inversiones Y Representaciones during the 1st quarter worth approximately $712,000. Triumph Capital Management increased its position in IRSA Inversiones Y Representaciones by 46.8% during the 3rd quarter. Triumph Capital Management now owns 4,550 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 1,450 shares during the period. Finally, QRG Capital Management Inc. increased its position in IRSA Inversiones Y Representaciones by 121.7% during the 1st quarter. QRG Capital Management Inc. now owns 22,328 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 12,255 shares during the period. 45.46% of the stock is owned by hedge funds and other institutional investors.

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.