ORIX Co. (NYSE:IX) Receives Average Rating of “Buy” from Brokerages

ORIX Co. (NYSE:IX) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. ORIX’s rating score has declined by 100% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 12 month consensus price objective of $115.30 for the company, according to Zacks. Zacks has also given ORIX an industry rank of 25 out of 256 based on the ratings given to its competitors.

A number of research analysts recently issued reports on the company. ValuEngine downgraded ORIX from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research upgraded ORIX from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Wednesday, July 31st. Finally, TheStreet downgraded ORIX from a “b-” rating to a “c+” rating in a research note on Thursday, May 2nd.

A number of hedge funds have recently bought and sold shares of IX. Aperio Group LLC raised its holdings in shares of ORIX by 35.8% during the 2nd quarter. Aperio Group LLC now owns 370,063 shares of the real estate investment trust’s stock worth $27,710,000 after acquiring an additional 97,650 shares in the last quarter. Todd Asset Management LLC raised its holdings in shares of ORIX by 1.4% during the 2nd quarter. Todd Asset Management LLC now owns 267,232 shares of the real estate investment trust’s stock worth $20,011,000 after acquiring an additional 3,800 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of ORIX by 134.4% during the 1st quarter. Marshall Wace LLP now owns 71,956 shares of the real estate investment trust’s stock worth $5,172,000 after acquiring an additional 41,262 shares in the last quarter. Scout Investments Inc. raised its holdings in ORIX by 31.4% during the 2nd quarter. Scout Investments Inc. now owns 55,821 shares of the real estate investment trust’s stock valued at $4,180,000 after buying an additional 13,330 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in ORIX by 11.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 44,959 shares of the real estate investment trust’s stock valued at $3,367,000 after buying an additional 4,724 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

Shares of NYSE IX traded down $0.24 during midday trading on Wednesday, hitting $70.40. 73,371 shares of the company’s stock traded hands, compared to its average volume of 49,073. ORIX has a 1 year low of $67.00 and a 1 year high of $84.51. The stock has a market capitalization of $18.46 billion, a PE ratio of 61.75, a price-to-earnings-growth ratio of 0.83 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.35 and a quick ratio of 1.32. The company has a fifty day moving average price of $74.92.

ORIX (NYSE:IX) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.18 by ($2.87). The company had revenue of $5.80 billion for the quarter. ORIX had a net margin of 13.21% and a return on equity of 10.72%. On average, analysts predict that ORIX will post 12.06 EPS for the current 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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