IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Gap Up – Time to Buy?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) shares gapped up before the market opened on Friday . The stock had previously closed at $18.39, but opened at $19.14. IRSA Inversiones Y Representaciones shares last traded at $18.35, with a volume of 9,321 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of IRSA Inversiones Y Representaciones from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Finally, Itau BBA Securities assumed coverage on shares of IRSA Inversiones Y Representaciones in a research note on Thursday. They issued an “outperform” rating and a $23.00 price target on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, IRSA Inversiones Y Representaciones currently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

IRSA Inversiones Y Representaciones Trading Down 1.0%

The firm has a market capitalization of $1.41 billion, a P/E ratio of 3.66 and a beta of 1.49. The business’s 50 day moving average is $16.01 and its two-hundred day moving average is $14.70. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.30.

IRSA Inversiones Y Representaciones (NYSE:IRS) last announced its earnings results on Tuesday, November 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter. The firm had revenue of $93.69 million during the quarter. IRSA Inversiones Y Representaciones had a net margin of 86.65% and a return on equity of 27.35%.

IRSA Inversiones Y Representaciones Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 24th were issued a $1.4151 dividend. The ex-dividend date was Monday, November 24th. This represents a dividend yield of 998.0%. IRSA Inversiones Y Representaciones’s dividend payout ratio (DPR) is 28.17%.

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

A number of institutional investors have recently added to or reduced their stakes in IRS. Van ECK Associates Corp bought a new position in IRSA Inversiones Y Representaciones during the 3rd quarter valued at $25,000. Brevan Howard Capital Management LP acquired a new stake in shares of IRSA Inversiones Y Representaciones in the third quarter valued at $130,000. Engineers Gate Manager LP acquired a new stake in shares of IRSA Inversiones Y Representaciones in the second quarter valued at $148,000. Verition Fund Management LLC boosted its stake in IRSA Inversiones Y Representaciones by 23.2% during the third quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock valued at $198,000 after buying an additional 3,148 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in IRSA Inversiones Y Representaciones during the second quarter worth about $249,000. 45.46% of the stock is currently owned by institutional investors and hedge funds.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones SA (NYSE: IRS) is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.

IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.