Irsa Inversiones y Rprsntcins SA (IRS) Given Average Recommendation of “Strong Sell” by Analysts

Shares of Irsa Inversiones y Rprsntcins SA (NYSE:IRS) have been assigned an average broker rating score of 5.00 (Strong Sell) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation. Irsa Inversiones y Rprsntcins’ rating score has declined by 66.7% from three months ago as a result of a number of analysts’ ratings changes.

Brokers have set a twelve-month consensus target price of $15.00 for the company, according to Zacks. Zacks has also assigned Irsa Inversiones y Rprsntcins an industry rank of 160 out of 257 based on the ratings given to related companies.

Separately, Morgan Stanley downgraded Irsa Inversiones y Rprsntcins from an “equal weight” rating to an “underweight” rating in a research note on Thursday, October 11th.

Irsa Inversiones y Rprsntcins stock traded up $0.31 during trading hours on Tuesday, hitting $13.30. 7,396 shares of the stock traded hands, compared to its average volume of 61,041. The company has a debt-to-equity ratio of 2.43, a quick ratio of 2.37 and a current ratio of 2.37. The company has a market cap of $764.75 million, a PE ratio of 2.78 and a beta of 1.77. Irsa Inversiones y Rprsntcins has a 1 year low of $12.60 and a 1 year high of $32.97.

A number of institutional investors have recently bought and sold shares of IRS. Levin Capital Strategies L.P. purchased a new stake in Irsa Inversiones y Rprsntcins during the 2nd quarter valued at about $173,000. Nordea Investment Management AB purchased a new stake in Irsa Inversiones y Rprsntcins during the 3rd quarter valued at about $468,000. Guggenheim Capital LLC grew its stake in Irsa Inversiones y Rprsntcins by 97.2% during the 1st quarter. Guggenheim Capital LLC now owns 21,504 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 10,602 shares during the last quarter. Standard Life Aberdeen plc purchased a new stake in Irsa Inversiones y Rprsntcins during the 3rd quarter valued at about $763,000. Finally, Renaissance Technologies LLC grew its stake in Irsa Inversiones y Rprsntcins by 16.7% during the 3rd quarter. Renaissance Technologies LLC now owns 52,400 shares of the financial services provider’s stock valued at $888,000 after purchasing an additional 7,500 shares during the last quarter. Institutional investors and hedge funds own 19.23% of the company’s stock.

Irsa Inversiones y Rprsntcins Company Profile

IRSA Inversiones y Representaciones Sociedad Anónima engages in diversified real estate activities in Argentina. The company operates through six segments: Shopping Malls, Offices and Others, Sales and Developments, Hotels, International, and Financial Operations and Others. 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.

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