Shares of ORIX Co. (NYSE:IX) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus target price of $115.30 for the company, according to Zacks. Zacks has also assigned ORIX an industry rank of 93 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of ORIX from a “sell” rating to a “hold” rating in a research report on Thursday, November 29th.
NYSE IX traded down $0.35 on Friday, hitting $69.40. 100,650 shares of the stock were exchanged, compared to its average volume of 61,819. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 1.38. ORIX has a fifty-two week low of $67.00 and a fifty-two week high of $92.52. The stock has a market capitalization of $17.88 billion, a PE ratio of 63.09, a price-to-earnings-growth ratio of 0.85 and a beta of 1.10.
ORIX (NYSE:IX) last posted its quarterly earnings results on Monday, January 28th. The real estate investment trust reported $2.81 EPS for the quarter, missing the consensus estimate of $2.98 by ($0.17). ORIX had a return on equity of 10.26% and a net margin of 11.86%. The firm had revenue of $4.74 billion for the quarter. On average, equities research analysts expect that ORIX will post 11.61 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in IX. Comerica Bank raised its position in ORIX by 5.5% during the 3rd quarter. Comerica Bank now owns 16,287 shares of the real estate investment trust’s stock worth $1,291,000 after buying an additional 846 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of ORIX by 0.9% in the 3rd quarter. Wells Fargo & Company MN now owns 203,466 shares of the real estate investment trust’s stock valued at $16,486,000 after purchasing an additional 1,866 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of ORIX by 6.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 38,995 shares of the real estate investment trust’s stock valued at $3,160,000 after purchasing an additional 2,494 shares in the last quarter. Rhumbline Advisers purchased a new position in shares of ORIX in the 3rd quarter valued at about $245,000. Finally, Eagle Asset Management Inc. increased its holdings in shares of ORIX by 9.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 7,690 shares of the real estate investment trust’s stock valued at $623,000 after purchasing an additional 646 shares in the last quarter. Institutional investors own 1.89% of the company’s stock.
ORIX Company Profile
ORIX Corporation provides diversified financial services primarily in Japan and the Americas. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses.
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