ORIX Co. (IX) Given $108.00 Consensus Price Target by Analysts

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

Analysts have set a twelve-month consensus price target of $108.00 for the company, according to Zacks. Zacks has also assigned ORIX an industry rank of 101 out of 255 based on the ratings given to related companies.

Several research firms have commented on IX. Zacks Investment Research lowered ORIX from a “hold” rating to a “sell” rating in a research report on Tuesday, May 15th. UBS Group raised ORIX from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 25th. They noted that the move was a valuation call.

Several hedge funds and other institutional investors have recently made changes to their positions in IX. Envestnet Asset Management Inc. increased its position in shares of ORIX by 210.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 55,338 shares of the real estate investment trust’s stock worth $4,691,000 after acquiring an additional 37,530 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of ORIX by 9.8% during the fourth quarter. Clearbridge Investments LLC now owns 300,571 shares of the real estate investment trust’s stock worth $25,482,000 after acquiring an additional 26,852 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of ORIX by 27.5% during the fourth quarter. William Blair Investment Management LLC now owns 80,340 shares of the real estate investment trust’s stock worth $6,811,000 after acquiring an additional 17,344 shares during the last quarter. Royal Bank of Canada increased its position in shares of ORIX by 169.5% during the first quarter. Royal Bank of Canada now owns 26,465 shares of the real estate investment trust’s stock worth $2,378,000 after acquiring an additional 16,645 shares during the last quarter. Finally, Todd Asset Management LLC increased its position in shares of ORIX by 4.5% during the first quarter. Todd Asset Management LLC now owns 283,224 shares of the real estate investment trust’s stock worth $25,451,000 after acquiring an additional 12,187 shares during the last quarter. 1.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of ORIX opened at $81.15 on Friday, according to Marketbeat. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.50 and a quick ratio of 1.47. The stock has a market cap of $20.80 billion, a PE ratio of 83.66, a P/E/G ratio of 0.88 and a beta of 1.47. ORIX has a 52 week low of $77.52 and a 52 week high of $100.03.

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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