IRSA Inversiones Y Representaciones S.A. (IRS) Given Consensus Rating of “Strong Buy” by Brokerages

Shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation. IRSA Inversiones Y Representaciones’ rating score has improved by 50% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokerages have set a 12-month consensus price target of $30.00 for the company, according to Zacks. Zacks has also assigned IRSA Inversiones Y Representaciones an industry rank of 67 out of 265 based on the ratings given to related companies.

Several brokerages have commented on IRS. BidaskClub upgraded shares of IRSA Inversiones Y Representaciones from a “sell” rating to a “hold” rating in a research note on Sunday, August 6th. TheStreet upgraded shares of IRSA Inversiones Y Representaciones from a “d+” rating to a “c-” rating in a research note on Tuesday, May 9th. Finally, Zacks Investment Research cut shares of IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp raised its position in shares of IRSA Inversiones Y Representaciones by 0.7% during 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. Luzich Partners LLC raised its position in shares of IRSA Inversiones Y Representaciones by 0.5% during the 2nd quarter. Luzich Partners LLC now owns 373,156 shares of the financial services provider’s stock valued at $9,001,000 after buying an additional 1,848 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of IRSA Inversiones Y Representaciones by 16.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 23,292 shares of the financial services provider’s stock valued at $562,000 after buying an additional 3,300 shares in the last quarter. Dumac Inc. raised its position in shares of IRSA Inversiones Y Representaciones by 9.1% during the 2nd quarter. Dumac Inc. now owns 56,949 shares of the financial services provider’s stock valued at $1,374,000 after buying an additional 4,731 shares in the last quarter. Finally, Harbor Advisors LLC purchased a new stake in shares of IRSA Inversiones Y Representaciones during the 1st quarter valued at about $214,000. Hedge funds and other institutional investors own 20.13% of the company’s stock.

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IRSA Inversiones Y Representaciones (NYSE:IRS) remained flat at $24.92 during midday trading on Friday. 26,542 shares of the stock were exchanged. The company has a 50 day moving average of $23.56 and a 200 day moving average of $24.10. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 15.97 and a beta of 2.04. IRSA Inversiones Y Representaciones has a 52-week low of $16.13 and a 52-week high of $26.53.

IRSA Inversiones Y Representaciones Company Profile

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