Orix Corp Ads (NYSE:IX) Shares Gap Up – Time to Buy?

Shares of Orix Corp Ads (NYSE:IX) gapped up before the market opened on Wednesday . The stock had previously closed at $38.30, but opened at $40.37. Orix Corp Ads shares last traded at $40.5410, with a volume of 21,003 shares traded.

Analyst Ratings Changes

Several research analysts have recently issued reports on IX shares. Wall Street Zen cut shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Weiss Ratings cut Orix Corp Ads from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Finally, Zacks Research upgraded Orix Corp Ads from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Orix Corp Ads currently has an average rating of “Buy”.

Orix Corp Ads Stock Performance

The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.30. The company’s 50-day moving average price is $39.04 and its two-hundred day moving average price is $34.47. The company has a market cap of $44.47 billion, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 0.86 and a beta of 0.89.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings data on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter. Orix Corp Ads had a net margin of 13.55% and a return on equity of 9.93%. The company had revenue of $6.03 billion for the quarter. As a group, equities analysts forecast that Orix Corp Ads will post 4.64 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Atlas Capital Advisors Inc. acquired a new stake in shares of Orix Corp Ads during the 4th quarter valued at $28,000. V Square Quantitative Management LLC acquired a new position in shares of Orix Corp Ads in the 4th quarter worth $34,000. Kestra Advisory Services LLC acquired a new stake in shares of Orix Corp Ads during the fourth quarter worth $35,000. Geneos Wealth Management Inc. raised its position in shares of Orix Corp Ads by 4,325.5% during the first quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 2,033 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Orix Corp Ads by 56.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 1,160 shares during the last quarter. Institutional investors own 1.73% of the company’s stock.

About Orix Corp Ads

ORIX Corporation ADS (NYSE: IX) is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX’s ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.