Zacks: ORIX Co. (IX) Given $115.30 Average Price Target by Brokerages

Shares of ORIX Co. (NYSE:IX) have been assigned 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 investment analyst has rated the stock with a strong buy rating.

Brokers have set a 12 month consensus price target of $115.30 for the company, according to Zacks. Zacks has also assigned ORIX an industry rank of 168 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded ORIX from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Thursday, July 26th.

NYSE IX traded up $0.84 on Friday, hitting $81.07. 27,672 shares of the company were exchanged, compared to its average volume of 33,662. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.47 and a current ratio of 1.50. ORIX has a twelve month low of $77.11 and a twelve month high of $100.03.

ORIX (NYSE:IX) last posted its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $2.86 earnings per share (EPS) for the quarter. The firm had revenue of $5.54 billion for the quarter. ORIX had a return on equity of 10.98% and a net margin of 11.35%. As a group, equities analysts expect that ORIX will post 11.44 earnings per share for the current fiscal year.

In other ORIX news, major shareholder Orix Hlhz Holding Llc sold 44,712 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $49.02, for a total transaction of $2,191,782.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Capital Group LLC increased its holdings in shares of ORIX by 2,224.5% in the 1st quarter. Private Capital Group LLC now owns 1,139 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 1,090 shares during the period. We Are One Seven LLC acquired a new position in shares of ORIX in the 3rd quarter valued at about $206,000. Hsbc Holdings PLC acquired a new position in shares of ORIX in the 1st quarter valued at about $232,000. Mount Yale Investment Advisors LLC acquired a new position in shares of ORIX in the 1st quarter valued at about $238,000. Finally, Lourd Capital LLC acquired a new position in shares of ORIX in the 3rd quarter valued at about $249,000. Hedge funds and other institutional investors own 2.00% of the company’s stock.

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.

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