ORIX Co. (NYSE:IX) Receives Average Recommendation of “Buy” from Analysts

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Shares of ORIX Co. (NYSE:IX) have earned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Brokerages have set a 12 month consensus price target of $115.30 for the company, according to Zacks. Zacks has also assigned ORIX an industry rank of 186 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of ORIX from a “sell” rating to a “hold” rating in a research report on Tuesday, December 31st.

NYSE IX traded up $0.75 during trading on Friday, reaching $84.57. The company’s stock had a trading volume of 2,362 shares, compared to its average volume of 15,877. The firm has a 50 day moving average price of $83.50 and a 200 day moving average price of $77.72. The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of 74.18, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97. ORIX has a 12 month low of $68.58 and a 12 month high of $85.75. The company has a current ratio of 1.55, a quick ratio of 1.52 and a debt-to-equity ratio of 1.34.

ORIX (NYSE:IX) last announced its quarterly earnings results on Wednesday, November 13th. The real estate investment trust reported $3.27 earnings per share (EPS) for the quarter. ORIX had a net margin of 14.35% and a return on equity of 11.13%. The firm had revenue of $5.37 billion during the quarter. On average, equities analysts forecast that ORIX will post 11.47 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its stake in ORIX by 17.4% during the second quarter. Parametric Portfolio Associates LLC now owns 586,105 shares of the real estate investment trust’s stock worth $43,888,000 after acquiring an additional 86,831 shares in the last quarter. Morgan Stanley boosted its stake in ORIX by 8.9% during the second quarter. Morgan Stanley now owns 501,133 shares of the real estate investment trust’s stock worth $37,525,000 after acquiring an additional 41,044 shares in the last quarter. Northern Trust Corp boosted its stake in ORIX by 10.6% during the second quarter. Northern Trust Corp now owns 297,068 shares of the real estate investment trust’s stock worth $22,245,000 after acquiring an additional 28,518 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in ORIX by 500.1% during the third quarter. Crossmark Global Holdings Inc. now owns 156,612 shares of the real estate investment trust’s stock worth $11,769,000 after acquiring an additional 130,516 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in ORIX by 3.3% during the second quarter. Bank of America Corp DE now owns 122,587 shares of the real estate investment trust’s stock worth $9,180,000 after acquiring an additional 3,914 shares in the last quarter. Institutional investors own 1.53% of the company’s stock.

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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