Zacks: Irsa Inversiones y Rprsntcins SA (IRS) Given Consensus Rating of “Strong Buy” by Brokerages

Irsa Inversiones y Rprsntcins SA (NYSE:IRS) has been assigned a consensus broker rating score of 1.00 (Strong Buy) 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 buy recommendation.

Brokerages have set a 12 month consensus price objective of $30.00 for the company, according to Zacks. Zacks has also assigned Irsa Inversiones y Rprsntcins an industry rank of 13 out of 265 based on the ratings given to related companies.

A number of equities analysts recently issued reports on IRS shares. TheStreet upgraded shares of Irsa Inversiones y Rprsntcins from a “c” rating to a “b” rating in a research report on Friday, November 17th. ValuEngine upgraded shares of Irsa Inversiones y Rprsntcins from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th.

Irsa Inversiones y Rprsntcins (NYSE IRS) opened at $32.17 on Friday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.62 and a current ratio of 1.62. Irsa Inversiones y Rprsntcins has a 12-month low of $18.79 and a 12-month high of $32.97.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. grew its position in Irsa Inversiones y Rprsntcins by 3.8% in the 3rd quarter. Macquarie Group Ltd. now owns 2,153,944 shares of the financial services provider’s stock valued at $52,879,000 after buying an additional 78,331 shares in the last quarter. Tricadia Capital Management LLC grew its position in Irsa Inversiones y Rprsntcins by 7.7% in the 2nd quarter. Tricadia Capital Management LLC now owns 631,469 shares of the financial services provider’s stock valued at $15,231,000 after buying an additional 45,300 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. grew its position in Irsa Inversiones y Rprsntcins by 22.8% in the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 571,000 shares of the financial services provider’s stock valued at $14,018,000 after buying an additional 106,000 shares in the last quarter. Luzich Partners LLC grew its position in Irsa Inversiones y Rprsntcins by 4.7% in the 3rd quarter. Luzich Partners LLC now owns 390,756 shares of the financial services provider’s stock valued at $9,593,000 after buying an additional 17,600 shares in the last quarter. Finally, Northern Trust Corp grew its position in Irsa Inversiones y Rprsntcins by 0.7% in the 2nd quarter. Northern Trust Corp now owns 212,067 shares of the financial services provider’s stock valued at $5,116,000 after buying an additional 1,371 shares in the last quarter. Hedge funds and other institutional investors own 19.75% of the company’s stock.

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