Shares of IRSA Propiedades Comerciales SA (NASDAQ:IRCP) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokers have set a 1-year consensus price objective of $25.00 for the company, according to Zacks. Zacks has also assigned IRSA Propiedades Comerciales an industry rank of 102 out of 256 based on the ratings given to related companies.
IRCP has been the topic of several research reports. Zacks Investment Research raised shares of IRSA Propiedades Comerciales from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Thursday, January 24th. ValuEngine lowered shares of IRSA Propiedades Comerciales from a “hold” rating to a “sell” rating in a research report on Monday, February 4th.
IRCP stock traded down $0.35 during mid-day trading on Tuesday, hitting $18.25. The company had a trading volume of 968 shares, compared to its average volume of 14,618. The firm has a market cap of $585.97 million, a price-to-earnings ratio of 0.88 and a beta of 0.47. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.92 and a current ratio of 3.93. IRSA Propiedades Comerciales has a 12 month low of $16.82 and a 12 month high of $38.80.
IRSA Propiedades Comerciales (NASDAQ:IRCP) last announced its quarterly earnings data on Friday, February 22nd. The financial services provider reported ($4.25) EPS for the quarter, missing the consensus estimate of $0.35 by ($4.60). The company had revenue of $46.04 million during the quarter, compared to the consensus estimate of $54.51 million. IRSA Propiedades Comerciales had a return on equity of 16.70% and a net margin of 140.70%. Analysts forecast that IRSA Propiedades Comerciales will post -1.93 earnings per share for the current year.
About IRSA Propiedades Comerciales
IRSA Propiedades Comerciales SA operates as an investment arm of IRSA Inversiones y Representaciones SA Alto Palermo SA engages in the ownership, acquisition, development, leasing, management, and operation of shopping centers, as well as residential and commercial complexes in Argentina. As of June 30, 2007, it owned and operated ten shopping centers covering a total of 264,995 square meters in Argentina, including six in the Buenos Aires metropolitan area and four in the provinces of Cordoba, Mendoza, Salta, and Santa Fe; and a condominium called Torres de Abasto located in front of the Abasto Shopping Center in Buenos Aires.
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