ValuEngine Downgrades ORIX (NYSE:IX) to Sell

ValuEngine lowered shares of ORIX (NYSE:IX) from a hold rating to a sell rating in a research note published on Tuesday, ValuEngine reports.

Several other research analysts also recently commented on the company. TheStreet downgraded ORIX from a b- rating to a c+ rating in a research note on Thursday, May 2nd. Zacks Investment Research upgraded ORIX from a hold rating to a buy rating and set a $83.00 target price for the company in a research note on Wednesday, July 31st.

Shares of IX opened at $70.45 on Tuesday. The business has a 50-day moving average price of $74.77. ORIX has a fifty-two week low of $67.00 and a fifty-two week high of $84.51. The stock has a market cap of $18.06 billion, a price-to-earnings ratio of 61.80, a P/E/G ratio of 0.81 and a beta of 0.96. The company has a current ratio of 1.35, a quick ratio of 1.32 and a debt-to-equity ratio of 1.40.

ORIX (NYSE:IX) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $3.18 by ($2.87). ORIX had a return on equity of 10.69% and a net margin of 13.21%. The firm had revenue of $5.80 billion during the quarter. As a group, sell-side analysts predict that ORIX will post 12.06 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC bought a new position in ORIX in the 2nd quarter worth about $27,000. Cornerstone Advisors Inc. boosted its stake in ORIX by 52.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 598 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 206 shares during the period. Zions Bancorporation N.A. bought a new position in ORIX in the 1st quarter worth about $49,000. Parallel Advisors LLC boosted its stake in ORIX by 121.1% in the 2nd quarter. Parallel Advisors LLC now owns 922 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 505 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in ORIX by 40.9% in the 1st quarter. Advisors Asset Management Inc. now owns 1,684 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 489 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

About ORIX

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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