IRSA Inversiones Y Representaciones (NYSE:IRS) Research Coverage Started at Bank of America

Bank of America began coverage on shares of IRSA Inversiones Y Representaciones (NYSE:IRS) in a research report released on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $23.60 target price on the financial services provider’s stock.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, IRSA Inversiones Y Representaciones currently has a consensus rating of “Buy” and a consensus price target of $23.30.

IRSA Inversiones Y Representaciones Trading Up 2.2%

Shares of IRSA Inversiones Y Representaciones stock opened at $14.10 on Tuesday. The firm has a market cap of $1.19 billion, a PE ratio of 4.19 and a beta of 1.27. IRSA Inversiones Y Representaciones has a 1 year low of $11.17 and a 1 year 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 stock has a fifty day moving average price of $14.73 and a 200-day moving average price of $15.12.

IRSA Inversiones Y Representaciones (NYSE:IRS) last issued its quarterly earnings results on Friday, August 14th. The financial services provider reported $1.26 earnings per share for the quarter. The company had revenue of $107.22 million for the quarter. IRSA Inversiones Y Representaciones had a net margin of 58.90% and a return on equity of 17.99%. Equities research analysts anticipate that IRSA Inversiones Y Representaciones will post 0.21 EPS for the current year.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Several institutional investors and hedge funds have recently bought and sold shares of IRS. Triumph Capital Management lifted its position in shares of 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 valued at $63,000 after buying an additional 1,450 shares during the last quarter. OceanIQ Capital LLC purchased a new stake in IRSA Inversiones Y Representaciones in the 2nd quarter worth about $968,000. Secure Asset Management LLC increased its holdings in 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 acquiring an additional 1,200 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in IRSA Inversiones Y Representaciones in the 2nd quarter worth about $60,000. Finally, Absolute Gestao de Investimentos Ltda. bought a new stake in IRSA Inversiones Y Representaciones in the 1st quarter valued at about $405,000. 45.46% of the stock is owned by 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.