StockNews.com Upgrades ORIX (NYSE:IX) to “Buy”

ORIX (NYSE:IX) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

ORIX Stock Up 0.9 %

ORIX stock traded up $0.91 during trading hours on Monday, hitting $103.47. 12,161 shares of the stock traded hands, compared to its average volume of 17,254. ORIX has a one year low of $82.67 and a one year high of $113.43. The firm’s 50-day moving average price is $106.12 and its two-hundred day moving average price is $97.76. The company has a current ratio of 1.79, a quick ratio of 1.75 and a debt-to-equity ratio of 1.40. The company has a market cap of $24.03 billion, a PE ratio of 12.10, a PEG ratio of 0.73 and a beta of 0.85.

ORIX (NYSE:IX) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $2.66 earnings per share for the quarter. The company had revenue of $4.59 billion for the quarter. ORIX had a return on equity of 7.60% and a net margin of 10.31%. On average, research analysts forecast that ORIX will post 9.86 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. BKM Wealth Management LLC bought a new stake in ORIX in the fourth quarter worth $25,000. Bruce G. Allen Investments LLC bought a new position in ORIX in the 4th quarter worth about $29,000. Tower Research Capital LLC TRC grew its position in ORIX by 94.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 410 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 199 shares during the last quarter. Blue Trust Inc. increased its stake in ORIX by 107.8% during the 4th quarter. Blue Trust Inc. now owns 613 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 318 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in ORIX in the fourth quarter worth about $63,000. 1.73% of the stock is owned by hedge funds and other institutional investors.

About ORIX

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.