Shares of Irsa Inversiones y Rprsntcins SA (NYSE:IRS) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers 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 target of $30.00 for the company, according to Zacks. Zacks has also given Irsa Inversiones y Rprsntcins an industry rank of 64 out of 265 based on the ratings given to related companies.
A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Irsa Inversiones y Rprsntcins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. TheStreet lowered shares of Irsa Inversiones y Rprsntcins from a “b” rating to a “c” rating in a research note on Thursday, January 4th. Finally, ValuEngine upgraded shares of Irsa Inversiones y Rprsntcins from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th.
Irsa Inversiones y Rprsntcins (NYSE:IRS) last issued its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter. Irsa Inversiones y Rprsntcins had a net margin of 5.65% and a return on equity of 11.19%. sell-side analysts forecast that Irsa Inversiones y Rprsntcins will post 1.2 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC acquired a new position in Irsa Inversiones y Rprsntcins during the 4th quarter valued at approximately $274,000. Atria Investments LLC acquired a new position in Irsa Inversiones y Rprsntcins during the 4th quarter valued at approximately $204,000. Luzich Partners LLC increased its stake in shares of Irsa Inversiones y Rprsntcins by 4.7% in the third quarter. Luzich Partners LLC now owns 390,756 shares of the financial services provider’s stock worth $9,593,000 after acquiring an additional 17,600 shares during the period. Ruane Cunniff & Goldfarb Inc. increased its stake in shares of Irsa Inversiones y Rprsntcins by 22.8% in the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 571,000 shares of the financial services provider’s stock worth $14,018,000 after acquiring an additional 106,000 shares during the period. Finally, Glen Point Capital LLP acquired a new stake in shares of Irsa Inversiones y Rprsntcins in the third quarter worth $1,478,000. Institutional investors and hedge funds own 19.75% of the company’s stock.
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Irsa Inversiones y Rprsntcins Company Profile
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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