Zacks Investment Research lowered shares of ORIX (NYSE:IX) from a hold rating to a sell rating in a report released on Wednesday morning.
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. “
ORIX stock opened at $76.80 on Wednesday. ORIX has a 52 week low of $75.67 and a 52 week high of $100.03. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.48 and a current ratio of 1.51. The stock has a market capitalization of $20.02 billion, a P/E ratio of 69.82, a price-to-earnings-growth ratio of 0.97 and a beta of 1.17.
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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