Zacks: Irsa Inversiones y Rprsntcins SA (IRS) Given $14.00 Consensus Price Target by Analysts

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Shares of Irsa Inversiones y Rprsntcins SA (NYSE:IRS) have been assigned a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating.

Brokerages 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 174 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of Irsa Inversiones y Rprsntcins from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th.

IRS stock opened at $9.36 on Friday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.88 and a current ratio of 1.88. Irsa Inversiones y Rprsntcins has a twelve month low of $8.35 and a twelve month high of $20.73. The company has a market cap of $534.70 million, a price-to-earnings ratio of 1.96 and a beta of 1.32.

Several institutional investors have recently made changes to their positions in IRS. FMR LLC increased its holdings in shares of Irsa Inversiones y Rprsntcins by 113.6% in the 4th quarter. FMR LLC now owns 629,219 shares of the financial services provider’s stock valued at $8,217,000 after acquiring an additional 334,647 shares during the period. City of London Investment Management Co. Ltd. increased its holdings in shares of Irsa Inversiones y Rprsntcins by 23.5% in the 4th quarter. City of London Investment Management Co. Ltd. now owns 948,979 shares of the financial services provider’s stock valued at $12,474,000 after acquiring an additional 180,656 shares during the period. 683 Capital Management LLC increased its holdings in shares of Irsa Inversiones y Rprsntcins by 6.4% in the 4th quarter. 683 Capital Management LLC now owns 894,724 shares of the financial services provider’s stock valued at $11,685,000 after acquiring an additional 53,653 shares during the period. BlackRock Inc. increased its holdings in shares of Irsa Inversiones y Rprsntcins by 5.5% in the 4th quarter. BlackRock Inc. now owns 757,629 shares of the financial services provider’s stock valued at $9,894,000 after acquiring an additional 39,506 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Irsa Inversiones y Rprsntcins in the 4th quarter valued at $365,000. 23.65% of the stock is currently owned by institutional investors and hedge funds.

About Irsa Inversiones y Rprsntcins

IRSA Inversiones y Representaciones Sociedad AnĂ³nima 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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