Zacks: Irsa Inversiones y Rprsntcins SA (IRS) Given $15.00 Average Target Price by Analysts

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Irsa Inversiones y Rprsntcins SA (NYSE:IRS) has been given an average broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation. Irsa Inversiones y Rprsntcins’ rating score has declined by 66.7% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 12 month consensus price target of $15.00 for the company, according to Zacks. Zacks has also given Irsa Inversiones y Rprsntcins an industry rank of 216 out of 257 based on the ratings given to related companies.

Separately, Morgan Stanley cut shares of Irsa Inversiones y Rprsntcins from an “equal weight” rating to an “underweight” rating in a report on Thursday, October 11th.

Several institutional investors and hedge funds have recently made changes to their positions in IRS. Levin Capital Strategies L.P. bought a new position in shares of Irsa Inversiones y Rprsntcins during the second quarter worth approximately $173,000. Guggenheim Capital LLC increased its holdings in shares of Irsa Inversiones y Rprsntcins by 97.2% during the first quarter. Guggenheim Capital LLC now owns 21,504 shares of the financial services provider’s stock worth $508,000 after purchasing an additional 10,602 shares during the period. City of London Investment Management Co. Ltd. bought a new position in shares of Irsa Inversiones y Rprsntcins during the second quarter worth approximately $1,391,000. Newfoundland Capital Management increased its holdings in shares of Irsa Inversiones y Rprsntcins by 5.4% during the second quarter. Newfoundland Capital Management now owns 113,570 shares of the financial services provider’s stock worth $1,964,000 after purchasing an additional 5,865 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Irsa Inversiones y Rprsntcins by 52.9% during the first quarter. Millennium Management LLC now owns 192,029 shares of the financial services provider’s stock worth $4,541,000 after purchasing an additional 66,455 shares during the period. 19.79% of the stock is currently owned by institutional investors.

Irsa Inversiones y Rprsntcins stock traded down $0.58 during trading hours on Friday, hitting $13.17. The company had a trading volume of 32,094 shares, compared to its average volume of 97,236. The stock has a market cap of $805.00 million, a P/E ratio of 2.76 and a beta of 1.77. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 2.43. Irsa Inversiones y Rprsntcins has a one year low of $12.76 and a one year high of $32.97.

Irsa Inversiones y Rprsntcins Company Profile

IRSA Inversiones y Representaciones Sociedad AnĂ³nima engages in diversified real estate activities in Argentina. The company operates through six segments: Shopping Malls, Offices and Others, Sales and Developments, Hotels, International, and Financial Operations and Others. 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.

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