Zacks: ORIX Co. (IX) Given Consensus Rating of “Strong Buy” by Brokerages

ORIX Co. (NYSE:IX) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus price target of $115.30 for the company, according to Zacks. Zacks has also given ORIX an industry rank of 99 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research raised ORIX from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st.

Shares of NYSE IX traded up $2.73 during trading hours on Friday, reaching $75.24. 138,200 shares of the stock traded hands, compared to its average volume of 72,267. The stock has a market cap of $18.96 billion, a price-to-earnings ratio of 68.40, a P/E/G ratio of 0.89 and a beta of 1.18. The company has a current ratio of 1.51, a quick ratio of 1.48 and a debt-to-equity ratio of 1.32. ORIX has a 52-week low of $67.00 and a 52-week high of $100.03.

Several hedge funds and other institutional investors have recently made changes to their positions in IX. Sei Investments Co. raised its holdings in shares of ORIX by 21.4% during the 2nd quarter. Sei Investments Co. now owns 9,069 shares of the real estate investment trust’s stock valued at $716,000 after buying an additional 1,599 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of ORIX by 23.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 21,301 shares of the real estate investment trust’s stock valued at $1,683,000 after buying an additional 4,109 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of ORIX by 2,618.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 96,804 shares of the real estate investment trust’s stock valued at $7,649,000 after buying an additional 93,243 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of ORIX during the 2nd quarter valued at about $590,000. Finally, Morgan Stanley raised its holdings in shares of ORIX by 2.6% during the 2nd quarter. Morgan Stanley now owns 470,416 shares of the real estate investment trust’s stock valued at $37,168,000 after buying an additional 11,846 shares in the last quarter. 1.88% of the stock is currently owned by institutional investors.

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.

See Also: The Discount Rate – What You Need to Know

Get a free copy of the Zacks research report on ORIX (IX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ORIX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ORIX and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit