ORIX Co. (IX) Given $115.30 Average Price Target by Analysts

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

Analysts have set a 12 month consensus price objective of $115.30 for the company, according to Zacks. Zacks has also assigned ORIX an industry rank of 93 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised ORIX from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st.

NYSE:IX traded down $0.35 on Friday, hitting $69.40. 100,650 shares of the company’s stock traded hands, compared to its average volume of 61,819. The stock has a market cap of $17.88 billion, a PE ratio of 63.09, a price-to-earnings-growth ratio of 0.85 and a beta of 1.10. ORIX has a 1 year low of $67.00 and a 1 year high of $92.52. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.45 and a quick ratio of 1.42.

ORIX (NYSE:IX) last announced its quarterly earnings results on Monday, January 28th. The real estate investment trust reported $2.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.98 by ($0.17). The firm had revenue of $4.74 billion during the quarter. ORIX had a net margin of 11.86% and a return on equity of 10.26%. On average, equities research analysts anticipate that ORIX will post 11.61 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Cornerstone Advisors Inc. lifted its holdings in shares of ORIX by 50.7% during the third quarter. Cornerstone Advisors Inc. now owns 428 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 144 shares during the last quarter. Financial Gravity Companies Inc. acquired a new position in shares of ORIX in the fourth quarter valued at $37,000. FNY Investment Advisers LLC acquired a new position in shares of ORIX in the fourth quarter valued at $71,000. Advisors Asset Management Inc. raised its stake in shares of ORIX by 60.2% in 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 purchasing an additional 449 shares in the last quarter. Finally, Csenge Advisory Group acquired a new position in shares of ORIX in the third quarter valued at $102,000. Institutional investors own 1.89% 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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