ORIX (NYSE:IX) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of ORIX (NYSE:IX) from a hold rating to a buy rating in a report issued on Tuesday morning.

ORIX Stock Down 2.1%

Shares of NYSE IX opened at $20.07 on Tuesday. The stock has a market cap of $22.87 billion, a P/E ratio of 1.75, a PEG ratio of 0.97 and a beta of 0.88. The business’s fifty day simple moving average is $20.25 and its 200-day simple moving average is $20.94. ORIX has a 12-month low of $17.75 and a 12-month high of $25.17. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.38.

ORIX (NYSE:IX) last posted its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.20). ORIX had a net margin of 13.66% and a return on equity of 9.73%. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $5.17 billion. As a group, equities analysts predict that ORIX will post 11.31 EPS for the current fiscal year.

Institutional Investors Weigh In On ORIX

A number of large investors have recently modified their holdings of the company. Bruce G. Allen Investments LLC lifted its position in shares of ORIX by 388.5% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,010 shares during the last quarter. Brooklyn Investment Group lifted its holdings in ORIX by 132,800.0% during the 1st quarter. Brooklyn Investment Group now owns 1,329 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,328 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in ORIX by 234.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,096 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of ORIX during the 1st quarter worth about $34,000. Finally, Brentview Investment Management LLC acquired a new stake in shares of ORIX during the 1st quarter worth about $37,000. 1.73% of the stock is owned by hedge funds and other institutional investors.

ORIX 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.