Orix Corp Ads (NYSE:IX) Reaches New 1-Year High – Should You Buy?

Orix Corp Ads (NYSE:IX)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.33 and last traded at $29.3050, with a volume of 590084 shares. The stock had previously closed at $28.83.

Analysts Set New Price Targets

A number of research firms have commented on IX. Weiss Ratings raised shares of Orix Corp Ads from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Wall Street Zen cut shares of Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Orix Corp Ads Price Performance

The company has a market capitalization of $32.38 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 0.89 and a beta of 0.74. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.81 and a quick ratio of 1.77. The stock’s 50 day simple moving average is $26.08 and its 200-day simple moving average is $24.80.

Orix Corp Ads (NYSE:IX) last posted its quarterly earnings data on Wednesday, November 12th. The real estate investment trust reported $0.99 EPS for the quarter, beating the consensus estimate of $0.57 by $0.42. Orix Corp Ads had a net margin of 14.53% and a return on equity of 10.30%. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.87 billion. As a group, equities analysts forecast that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Institutional Trading of Orix Corp Ads

Large investors have recently modified their holdings of the stock. Greenleaf Trust grew its position in Orix Corp Ads by 1.1% in the 3rd quarter. Greenleaf Trust now owns 37,437 shares of the real estate investment trust’s stock valued at $978,000 after buying an additional 402 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Orix Corp Ads by 2.8% in the 3rd quarter. Franklin Resources Inc. now owns 16,147 shares of the real estate investment trust’s stock worth $422,000 after acquiring an additional 445 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Orix Corp Ads by 2.7% in the second quarter. Raymond James Financial Inc. now owns 17,157 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 457 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of Orix Corp Ads by 58.2% during the third quarter. Global Retirement Partners LLC now owns 1,444 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 531 shares during the period. Finally, Vise Technologies Inc. raised its holdings in Orix Corp Ads by 1.5% during the third quarter. Vise Technologies Inc. now owns 40,174 shares of the real estate investment trust’s stock worth $1,049,000 after purchasing an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Company Profile

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.