IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Shares of IRSA crossed above its 200-day moving average ($14.77) during Monday trading—the stock traded as high as $14.80, last at $14.46 on volume of about 420,517 shares and is up roughly 6.2%.
• Analyst views are mixed: Itau BBA rates the stock a Strong Buy while others rate it Hold, but the MarketBeat consensus remains a Buy with a target of $23.00.
• Fundamentals show a low P/E of 3.12, an unusually high net margin (85.84%) and ROE of 25.51%, a market cap near $1.12B, modest leverage (debt/equity 0.44) and about 45% institutional ownership.

Shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.77 and traded as high as $14.80. IRSA Inversiones Y Representaciones shares last traded at $14.46, with a volume of 420,517 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IRS. Itau BBA Securities raised IRSA Inversiones Y Representaciones to a "strong-buy" rating in a report on Friday, January 30th. Wall Street Zen lowered shares of IRSA Inversiones Y Representaciones from a "buy" rating to a "hold" rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $23.00.

IRSA Inversiones Y Representaciones Stock Up 6.2%

The firm has a fifty day simple moving average of $15.83 and a 200 day simple moving average of $14.77. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $1.12 billion, a PE ratio of 3.12 and a beta of 1.51.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.58 earnings per share for the quarter. The business had revenue of $105.18 million for the quarter. IRSA Inversiones Y Representaciones had a net margin of 85.84% and a return on equity of 25.51%.

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

Institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in IRSA Inversiones Y Representaciones by 67.5% during the fourth quarter. Van ECK Associates Corp now owns 3,511 shares of the financial services provider's stock worth $58,000 after acquiring an additional 1,415 shares during the last quarter. Crocodile Capital Partners GmbH increased its position in IRSA Inversiones Y Representaciones by 8.0% during the 4th quarter. Crocodile Capital Partners GmbH now owns 39,107 shares of the financial services provider's stock worth $647,000 after purchasing an additional 2,890 shares in the last quarter. Verition Fund Management LLC raised its holdings in IRSA Inversiones Y Representaciones by 23.2% in the third quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider's stock valued at $198,000 after buying an additional 3,148 shares during the period. Ping Capital Management Inc. raised its holdings in IRSA Inversiones Y Representaciones by 3.7% in the fourth quarter. Ping Capital Management Inc. now owns 96,648 shares of the financial services provider's stock valued at $1,599,000 after buying an additional 3,448 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in IRSA Inversiones Y Representaciones by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 923,798 shares of the financial services provider's stock valued at $15,280,000 after buying an additional 6,969 shares in the last quarter. Hedge funds and other institutional investors own 45.46% of the company's stock.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones SA NYSE: IRS is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.

IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.

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