IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Moved Up to Hold by Zacks Research

Key Points

• Zacks Research upgraded IRSA Inversiones Y Representaciones to a “Hold” rating. Other analysts include a Buy rating from Bank of America, while MarketBeat reports a consensus “Moderate Buy” rating and a $23.30 price target.
• IRSA shares opened at $14.10, with a $1.19 billion market capitalization and a 52-week trading range of $11.17 to $19.14. The company recently reported $1.26 in quarterly earnings per share on $107.22 million in revenue.
• Institutional investors own 45.46% of the stock, with several funds recently initiating or increasing positions, including QRG Capital Management, which raised its holdings by 121.7%.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) was upgraded by stock analysts at Zacks Research to a "hold" rating in a report released on Wednesday, Zacks reports.

Other research analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday. Bank of America started coverage on shares of IRSA Inversiones Y Representaciones in a research report on Tuesday. They set a "buy" rating and a $23.60 price objective for the company. One investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.30.

IRSA Inversiones Y Representaciones Price Performance

Shares of NYSE IRS opened at $14.10 on Wednesday. The stock has a market capitalization of $1.19 billion, a PE ratio of 4.29 and a beta of 1.27. 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 business has a fifty day moving average price of $14.73 and a two-hundred day moving average price of $15.12. IRSA Inversiones Y Representaciones has a fifty-two week low of $11.17 and a fifty-two week high of $19.14.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last released its earnings results on Friday, August 14th. The financial services provider reported $1.26 earnings per share for the quarter. The firm 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%. As a group, equities analysts predict that IRSA Inversiones Y Representaciones will post 0.21 earnings per share for the current fiscal year.

Institutional Trading of IRSA Inversiones Y Representaciones

Several institutional investors and hedge funds have recently modified their holdings of IRS. OceanIQ Capital LLC acquired a new stake in IRSA Inversiones Y Representaciones in the second quarter valued at about $968,000. Y Intercept Hong Kong Ltd acquired a new position in IRSA Inversiones Y Representaciones during the first quarter worth about $712,000. Verde Servicos Internacionais S.A. acquired a new position in IRSA Inversiones Y Representaciones during the first quarter worth about $648,000. Absolute Gestao de Investimentos Ltda. acquired a new position in IRSA Inversiones Y Representaciones during the first quarter worth about $405,000. Finally, QRG Capital Management Inc. lifted its holdings 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 worth $362,000 after acquiring an additional 12,255 shares during the last quarter. 45.46% of the stock is currently 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.

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