Orix Corp Ads (NYSE:IX) Hits New 1-Year High - Should You Buy?

Key Points

• Orix Corp Ads' stock reached a new 52-week high of $26.15 during trading, indicating a positive trend for the company's share price.
• Wall Street analysts upgraded Orix Corp Ads from a "hold" to a "strong-buy" rating, suggesting increased confidence in the company's performance.
• In its latest earnings report, Orix Corp announced $0.65 EPS, exceeding estimates and reflecting strong revenue of $5.21 billion for the quarter.

Orix Corp Ads (NYSE:IX - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $26.15 and last traded at $26.02, with a volume of 180015 shares changing hands. The stock had previously closed at $26.03.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Orix Corp Ads from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th.

Orix Corp Ads Trading Down 0.0%

The stock has a market cap of $29.65 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 0.98 and a beta of 0.92. The company's 50-day moving average price is $22.93 and its 200 day moving average price is $21.36. 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 posted its earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $4.96 billion. On average, sell-side analysts forecast that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Institutional Trading of Orix Corp Ads

Several institutional investors and hedge funds have recently bought and sold shares of IX. Soundwatch Capital LLC purchased a new position in Orix Corp Ads during the second quarter worth about $25,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Orix Corp Ads by 388.5% in 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 acquiring an additional 1,010 shares during the last quarter. AlphaCore Capital LLC purchased a new position in shares of Orix Corp Ads during the 2nd quarter worth approximately $27,000. Brooklyn Investment Group increased 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 during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Orix Corp Ads by 234.7% in the first quarter. Farther Finance Advisors LLC now owns 1,563 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,096 shares during the period. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

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.

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