Orix Corp Ads' (IX) "Hold (C)" Rating Reiterated at Weiss Ratings

Orix Corp Ads (NYSE:IX - Get Free Report)'s stock had its "hold (c)" rating reiterated by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered Orix Corp Ads from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold".

Orix Corp Ads Stock Performance

Shares of IX opened at $25.30 on Wednesday. The company's 50 day moving average price is $25.82 and its 200 day moving average price is $22.69. Orix Corp Ads has a 52 week low of $17.75 and a 52 week high of $27.21. The company has a market capitalization of $28.83 billion, a PE ratio of 11.57, a PEG ratio of 0.96 and a beta of 0.90. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.72 and a current ratio of 1.76.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. boosted its holdings in Orix Corp Ads by 2.7% during the second quarter. Raymond James Financial Inc. now owns 17,157 shares of the real estate investment trust's stock valued at $386,000 after acquiring an additional 457 shares during the period. Parr Mcknight Wealth Management Group LLC raised its position in shares of Orix Corp Ads by 1.0% during the second quarter. Parr Mcknight Wealth Management Group LLC now owns 67,964 shares of the real estate investment trust's stock valued at $1,531,000 after buying an additional 677 shares during the last quarter. Gilman Hill Asset Management LLC increased its stake in Orix Corp Ads by 0.4% during the second quarter. Gilman Hill Asset Management LLC now owns 196,669 shares of the real estate investment trust's stock valued at $4,429,000 after acquiring an additional 705 shares during the period. Naples Global Advisors LLC increased its stake in Orix Corp Ads by 0.8% during the second quarter. Naples Global Advisors LLC now owns 92,365 shares of the real estate investment trust's stock valued at $2,080,000 after acquiring an additional 764 shares during the period. Finally, Yousif Capital Management LLC increased its stake in Orix Corp Ads by 8.2% during the second quarter. Yousif Capital Management LLC now owns 12,225 shares of the real estate investment trust's stock valued at $275,000 after acquiring an additional 925 shares during the period. 1.73% of the stock is currently owned by institutional investors and hedge funds.

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.

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