Wall Street Zen Downgrades Orix Corp Ads (NYSE:IX) to Buy

Orix Corp Ads (NYSE:IX) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Friday.

Orix Corp Ads Price Performance

Shares of Orix Corp Ads stock opened at $26.09 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.76 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $29.73 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.96 and a beta of 0.92. Orix Corp Ads has a 52 week low of $17.75 and a 52 week high of $26.25. The stock’s 50-day simple moving average is $23.18 and its 200-day simple moving average is $21.45.

Orix Corp Ads (NYSE:IX) last posted its earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.11. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%.The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.96 billion. As a group, analysts expect that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Institutional Trading of Orix Corp Ads

A number of hedge funds have recently bought and sold shares of IX. Bank of America Corp DE lifted its holdings in shares of Orix Corp Ads by 4.4% during the 2nd quarter. Bank of America Corp DE now owns 2,353,948 shares of the real estate investment trust’s stock valued at $53,011,000 after purchasing an additional 99,516 shares during the last quarter. Todd Asset Management LLC raised its stake in Orix Corp Ads by 399.1% in the 1st quarter. Todd Asset Management LLC now owns 1,727,984 shares of the real estate investment trust’s stock worth $36,098,000 after acquiring an additional 1,381,764 shares during the last quarter. Northern Trust Corp raised its stake in Orix Corp Ads by 400.1% in the 1st quarter. Northern Trust Corp now owns 1,070,093 shares of the real estate investment trust’s stock worth $22,354,000 after acquiring an additional 856,122 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Orix Corp Ads by 400.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,058,900 shares of the real estate investment trust’s stock worth $22,120,000 after acquiring an additional 847,120 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Orix Corp Ads by 16.3% during the 2nd quarter. American Century Companies Inc. now owns 543,509 shares of the real estate investment trust’s stock worth $12,240,000 after purchasing an additional 76,144 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Company Profile

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.