ORIX (NYSE:IX) Stock Rating Lowered by Zacks Investment Research

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ORIX (NYSE:IX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “ORIX CORP-ADR is a diversified financial services institution with diverse operations in both corporate and retail finance, including: leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokerage. Their international operations include leasing, rentals, fixed income investment, aircraft and ship financing, commercial mortgage servicing and property development. “

IX has been the subject of a number of other research reports. Jefferies Financial Group assumed coverage on ORIX in a research note on Wednesday, January 29th. They issued a “buy” rating for the company. ValuEngine lowered ORIX from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th.

Shares of NYSE IX opened at $86.99 on Thursday. The stock has a fifty day moving average price of $85.24 and a 200 day moving average price of $79.56. The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 1.34. ORIX has a 12-month low of $68.58 and a 12-month high of $89.21. The company has a market cap of $22.30 billion, a P/E ratio of 12.61, a P/E/G ratio of 1.29 and a beta of 0.94.

ORIX (NYSE:IX) last issued its quarterly earnings data on Wednesday, November 13th. The real estate investment trust reported $3.27 EPS for the quarter. ORIX had a return on equity of 11.09% and a net margin of 14.30%. The company had revenue of $5.37 billion for the quarter. On average, sell-side analysts forecast that ORIX will post 12.02 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of IX. Bank of America Corp DE increased its stake in shares of ORIX by 21.3% during the fourth quarter. Bank of America Corp DE now owns 151,333 shares of the real estate investment trust’s stock valued at $12,623,000 after acquiring an additional 26,575 shares during the period. Marshall Wace LLP bought a new stake in ORIX during the fourth quarter worth approximately $533,000. Bank of New York Mellon Corp lifted its position in ORIX by 5.7% in the fourth quarter. Bank of New York Mellon Corp now owns 10,474 shares of the real estate investment trust’s stock worth $874,000 after purchasing an additional 562 shares during the period. Marshall Wace North America L.P. lifted its position in ORIX by 221.0% in the fourth quarter. Marshall Wace North America L.P. now owns 13,597 shares of the real estate investment trust’s stock worth $1,134,000 after purchasing an additional 9,361 shares during the period. Finally, Johnson Investment Counsel Inc. bought a new position in ORIX during the 4th quarter valued at $204,000. 1.52% of the stock is currently owned by institutional investors and hedge funds.

About ORIX

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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