Orix (IX) Given $108.00 Average Price Target by Brokerages

Shares of Orix (NYSE:IX) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Analysts have set a 12-month consensus price target of $108.00 for the company, according to Zacks. Zacks has also assigned Orix an industry rank of 183 out of 265 based on the ratings given to related companies.

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Separately, Zacks Investment Research upgraded shares of Orix from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Tuesday, March 27th.

Institutional investors have recently made changes to their positions in the business. Boston Common Asset Management LLC purchased a new position in Orix during the 4th quarter worth $296,000. BancorpSouth Bank purchased a new position in shares of Orix during the 4th quarter worth about $203,000. KCS Wealth Advisory purchased a new position in shares of Orix during the 4th quarter worth about $708,000. Naples Global Advisors LLC raised its holdings in Orix by 52.9% in the fourth quarter. Naples Global Advisors LLC now owns 17,825 shares of the real estate investment trust’s stock valued at $1,511,000 after buying an additional 6,165 shares during the period. Finally, Lourd Capital LLC purchased a new position in Orix in the fourth quarter valued at approximately $312,000. Institutional investors own 1.84% of the company’s stock.

IX stock opened at $86.19 on Friday. Orix has a 12 month low of $74.90 and a 12 month high of $100.03. The firm has a market capitalization of $22,586.66, a P/E ratio of 88.86, a price-to-earnings-growth ratio of 0.95 and a beta of 1.50. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 1.39.

Orix (NYSE:IX) last released its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported $0.31 EPS for the quarter. Orix had a net margin of 10.61% and a return on equity of 11.36%. The firm had revenue of $6 billion during the quarter. equities research analysts forecast that Orix will post 10.61 earnings per share for the current fiscal year.

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Orix Company Profile

ORIX Corporation provides financial services. 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. The Maintenance Leasing segment is involved in leasing, automobile rental, and car sharing activities; lease and rental of precision measuring, information technology related, and medical equipment; and the sale of software packages, as well as the provision of technical support, equipment calibration, and asset management services.

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