ORIX Co. (NYSE:IX) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus price objective of $115.30 for the company, according to Zacks. Zacks has also given ORIX an industry rank of 160 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered ORIX from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IX. Cornerstone Advisors Inc. boosted its stake in shares of ORIX by 50.7% in the third quarter. Cornerstone Advisors Inc. now owns 428 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 144 shares during the period. Financial Gravity Companies Inc. bought a new position in ORIX during the fourth quarter valued at approximately $37,000. FNY Investment Advisers LLC bought a new position in ORIX during the fourth quarter valued at approximately $71,000. Advisors Asset Management Inc. boosted its stake in ORIX by 60.2% during the fourth quarter. Advisors Asset Management Inc. now owns 1,195 shares of the real estate investment trust’s stock valued at $86,000 after buying an additional 449 shares during the last quarter. Finally, Csenge Advisory Group bought a new position in ORIX during the third quarter valued at approximately $102,000. 1.96% of the stock is owned by hedge funds and other institutional investors.
Shares of IX opened at $72.10 on Monday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.45 and a quick ratio of 1.42. The stock has a market capitalization of $18.66 billion, a price-to-earnings ratio of 65.55, a P/E/G ratio of 0.80 and a beta of 1.10. ORIX has a 52 week low of $67.00 and a 52 week high of $92.52.
ORIX (NYSE:IX) last issued its quarterly earnings results on Monday, January 28th. The real estate investment trust reported $2.81 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.17). The company had revenue of $4.74 billion during the quarter. ORIX had a return on equity of 10.26% and a net margin of 11.86%. As a group, research analysts anticipate that ORIX will post 11.61 earnings per share for the current fiscal year.
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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