Orix Corp Ads (NYSE:IX) Sets New 52-Week High – Time to Buy?

Orix Corp Ads (NYSE:IX) shares reached a new 52-week high during trading on Friday . The company traded as high as $27.31 and last traded at $27.24, with a volume of 3084 shares. The stock had previously closed at $26.74.

Analyst Ratings Changes

Several analysts have recently weighed in on IX shares. Wall Street Zen downgraded Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a report on Friday, August 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Orix Corp Ads in a research report on Wednesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Orix Corp Ads presently has an average rating of “Hold”.

Orix Corp Ads Stock Up 1.2%

The firm has a market capitalization of $31.17 billion, a PE ratio of 12.51, a PEG ratio of 0.91 and a beta of 0.88. The business’s fifty day moving average price is $25.57 and its 200 day moving average price is $24.12. The company has a quick ratio of 1.72, a current ratio of 1.76 and a debt-to-equity ratio of 1.36.

Orix Corp Ads (NYSE:IX) last issued its quarterly earnings results on Wednesday, November 12th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.42. The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.87 billion. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%. On average, equities research analysts forecast that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orix Corp Ads

Several large investors have recently modified their holdings of the stock. Soundwatch Capital LLC purchased a new stake in shares of Orix Corp Ads in the second quarter valued at about $25,000. AlphaCore Capital LLC acquired a new stake in Orix Corp Ads in the second quarter valued at about $27,000. Brooklyn Investment Group boosted its holdings in Orix Corp Ads by 132,800.0% in the 1st quarter. Brooklyn Investment Group now owns 1,329 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,328 shares in the last quarter. Global Retirement Partners LLC increased its position in Orix Corp Ads by 58.2% during the 3rd quarter. Global Retirement Partners LLC now owns 1,444 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 531 shares during the period. Finally, Addison Advisors LLC raised its stake in shares of Orix Corp Ads by 480.0% during the 2nd quarter. Addison Advisors LLC now owns 1,537 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,272 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

About Orix Corp Ads

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.