Irsa Inversiones y Rprsntcins SA (IRS) Receives Consensus Recommendation of “Hold” from Analysts

Irsa Inversiones y Rprsntcins SA (NYSE:IRS) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Irsa Inversiones y Rprsntcins’ rating score has declined by 200% in the last three months as a result of a number of analysts’ ratings changes.

Brokers have set a one year consensus price objective of $30.00 for the company, according to Zacks. Zacks has also given Irsa Inversiones y Rprsntcins an industry rank of 66 out of 265 based on the ratings given to its competitors.

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Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Irsa Inversiones y Rprsntcins from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a research note on Tuesday, February 13th. TheStreet downgraded shares of Irsa Inversiones y Rprsntcins from a “b” rating to a “c” rating in a research note on Thursday, January 4th. Finally, Morgan Stanley downgraded shares of Irsa Inversiones y Rprsntcins from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 8th.

A number of hedge funds and other institutional investors have recently bought and sold shares of IRS. Envestnet Asset Management Inc. boosted its stake in Irsa Inversiones y Rprsntcins by 66.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 5,118 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 2,042 shares during the last quarter. Advisor Group Inc. boosted its stake in Irsa Inversiones y Rprsntcins by 51.1% during the 4th quarter. Advisor Group Inc. now owns 5,665 shares of the financial services provider’s stock valued at $168,000 after acquiring an additional 1,917 shares during the last quarter. Atria Investments LLC bought a new position in Irsa Inversiones y Rprsntcins during the 4th quarter valued at $204,000. Eaton Vance Management bought a new position in Irsa Inversiones y Rprsntcins during the 4th quarter valued at $215,000. Finally, Acadian Asset Management LLC bought a new position in Irsa Inversiones y Rprsntcins during the 4th quarter valued at $274,000. Hedge funds and other institutional investors own 19.90% of the company’s stock.

Shares of Irsa Inversiones y Rprsntcins stock traded up $0.27 during mid-day trading on Monday, hitting $23.27. 338,994 shares of the stock traded hands, compared to its average volume of 98,002. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.22. Irsa Inversiones y Rprsntcins has a fifty-two week low of $21.22 and a fifty-two week high of $32.97.

Irsa Inversiones y Rprsntcins (NYSE:IRS) last announced its earnings results on Friday, February 9th. The financial services provider reported $0.13 earnings per share for the quarter. The business had revenue of $1.30 billion during the quarter. Irsa Inversiones y Rprsntcins had a net margin of 11.83% and a return on equity of 8.93%. research analysts predict that Irsa Inversiones y Rprsntcins will post 1.45 EPS for the current year.

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About Irsa Inversiones y Rprsntcins

IRSA Inversiones y Representaciones Sociedad Anonima is a holding company. The Company invests on its own behalf and through investee companies in companies operating in various sectors of the Israeli and global economy. The Company’s segments are Cellcom, which includes cellular telephone services, content and added value services, other services and revenues from the sale of end user equipment in the cellular field; Property and Buildings and projects in Las Vegas, which includes the rental of income-generating properties and residential buildings; Shufersal, which includes retail and the rental of income-generating properties; Adama, which includes the sale of agro products and non-agro products; Clal Insurance Enterprise Holdings, which operates through subsidiary companies in the fields of insurance, pensions and provident funds, in the field of financial services and in the holding of assets and real businesses, and Others.

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