Zacks: Analysts Set $115.30 Target Price for ORIX Co. (IX)

ORIX Co. (NYSE:IX) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus price target of $115.30 for the company, according to Zacks. Zacks has also given ORIX an industry rank of 150 out of 257 based on the ratings given to related companies.

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

Hedge funds have recently made changes to their positions in the business. Zions Bancorporation bought a new stake in shares of ORIX in the 3rd quarter worth approximately $106,000. Csenge Advisory Group bought a new stake in shares of ORIX in the 3rd quarter worth approximately $102,000. We Are One Seven LLC bought a new stake in shares of ORIX in the 3rd quarter worth approximately $206,000. First Hawaiian Bank bought a new stake in shares of ORIX in the 3rd quarter worth approximately $235,000. Finally, Rhumbline Advisers bought a new stake in shares of ORIX in the 3rd quarter worth approximately $245,000. Institutional investors own 1.94% of the company’s stock.

IX opened at $76.80 on Wednesday. The company has a market capitalization of $20.02 billion, a price-to-earnings ratio of 69.82, a price-to-earnings-growth ratio of 0.97 and a beta of 1.17. The company has a current ratio of 1.51, a quick ratio of 1.48 and a debt-to-equity ratio of 1.32. ORIX has a 12-month low of $75.67 and a 12-month high of $100.03.

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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