ORIX Co. (IX) Given Average Rating of “Strong Buy” by Brokerages
ORIX Co. (NYSE:IX) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus price objective of $115.30 for the company, according to Zacks. Zacks has also given ORIX an industry rank of 161 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of ORIX from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Thursday, July 26th.
A number of large investors have recently bought and sold shares of the stock. Aperio Group LLC boosted its position in ORIX by 0.7% during the 3rd quarter. Aperio Group LLC now owns 285,911 shares of the real estate investment trust’s stock worth $23,167,000 after buying an additional 2,082 shares during the period. First Hawaiian Bank acquired a new stake in ORIX during the 3rd quarter worth approximately $235,000. Scout Investments Inc. boosted its position in ORIX by 1.6% during the 3rd quarter. Scout Investments Inc. now owns 44,918 shares of the real estate investment trust’s stock worth $3,640,000 after buying an additional 698 shares during the period. Lourd Capital LLC acquired a new stake in ORIX during the 3rd quarter worth approximately $249,000. Finally, We Are One Seven LLC acquired a new stake in ORIX during the 3rd quarter worth approximately $206,000. Institutional investors and hedge funds own 2.00% of the company’s stock.
Shares of IX traded down $0.78 during mid-day trading on Friday, reaching $76.84. The company had a trading volume of 23,911 shares, compared to its average volume of 22,181. ORIX has a 1-year low of $75.67 and a 1-year high of $100.03. The company has a current ratio of 1.50, a quick ratio of 1.47 and a debt-to-equity ratio of 1.33. The company has a market cap of $19.70 billion, a P/E ratio of 71.15, a PEG ratio of 0.94 and a beta of 1.35.
ORIX (NYSE:IX) last posted its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $2.86 earnings per share for the quarter. ORIX had a net margin of 11.35% and a return on equity of 10.98%. The company had revenue of $5.54 billion for the quarter. On average, equities analysts forecast that ORIX will post 11.44 EPS for the current year.
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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