Shares of Irsa Inversiones y Rprsntcins SA (NYSE:IRS) have received an average broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating.
Brokers have set a 12-month consensus price target of $14.00 for the company, according to Zacks. Zacks has also given Irsa Inversiones y Rprsntcins an industry rank of 192 out of 255 based on the ratings given to its competitors.
Get Irsa Inversiones y Rprsntcins alerts:Separately, Zacks Investment Research raised shares of Irsa Inversiones y Rprsntcins from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd.
Several hedge funds have recently bought and sold shares of the company. Legal & General Group Plc purchased a new position in shares of Irsa Inversiones y Rprsntcins during the third quarter worth about $93,000. Nordea Investment Management AB purchased a new position in Irsa Inversiones y Rprsntcins during the 3rd quarter worth $468,000. Acadian Asset Management LLC purchased a new position in Irsa Inversiones y Rprsntcins during the 4th quarter worth $365,000. Standard Life Aberdeen plc purchased a new position in Irsa Inversiones y Rprsntcins during the 3rd quarter worth $763,000. Finally, Renaissance Technologies LLC grew its stake in Irsa Inversiones y Rprsntcins by 16.7% during the 3rd quarter. Renaissance Technologies LLC now owns 52,400 shares of the financial services provider’s stock worth $888,000 after buying an additional 7,500 shares during the last quarter. 19.21% of the stock is owned by hedge funds and other institutional investors.
Shares of IRS stock traded down $0.27 on Tuesday, reaching $13.68. The company had a trading volume of 80,700 shares, compared to its average volume of 32,382. The stock has a market capitalization of $807.26 million, a P/E ratio of 2.86 and a beta of 1.55. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 2.56. Irsa Inversiones y Rprsntcins has a one year low of $11.73 and a one year high of $28.27.
Irsa Inversiones y Rprsntcins Company Profile
IRSA Inversiones y Representaciones Sociedad Anónima engages in the diversified real estate activities in Argentina. It is involved in the acquisition, development, and operation of shopping malls, and office buildings and other non-shopping center properties primarily for rental purposes. The company also acquires and operates hotels; develops and sells residential properties; and acquires undeveloped land reserves for future development or sale.
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