Brokerages Set $14.00 Target Price for Irsa Inversiones y Rprsntcins SA (IRS)

Irsa Inversiones y Rprsntcins SA (NYSE:IRS) has 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 equities research analyst has rated the stock with a strong sell recommendation.

Analysts have set a 12-month consensus price objective of $14.00 for the company, according to Zacks. Zacks has also given Irsa Inversiones y Rprsntcins an industry rank of 85 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded shares of Irsa Inversiones y Rprsntcins from a “hold” rating to a “sell” rating in a report on Friday, February 15th.

Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc bought a new position in shares of Irsa Inversiones y Rprsntcins in the third quarter valued at $93,000. Acadian Asset Management LLC acquired a new stake in shares of Irsa Inversiones y Rprsntcins during the fourth quarter worth $365,000. Nordea Investment Management AB acquired a new stake in shares of Irsa Inversiones y Rprsntcins during the third quarter worth $468,000. Standard Life Aberdeen plc acquired a new stake in shares of Irsa Inversiones y Rprsntcins during the third quarter worth $763,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Irsa Inversiones y Rprsntcins by 16.7% during the third 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 in the last quarter. 23.04% of the stock is owned by institutional investors.

Shares of IRS traded up $0.05 during trading hours on Thursday, hitting $10.75. The stock had a trading volume of 175 shares, compared to its average volume of 59,874. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.87 and a current ratio of 1.87. Irsa Inversiones y Rprsntcins has a 52 week low of $10.09 and a 52 week high of $26.00. The firm has a market cap of $600.09 million, a price-to-earnings ratio of 2.25 and a beta of 1.40.

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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