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.
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.
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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