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

Key Points

• Orix Corp Ads has reached a new 52-week high of $26.73, with the last traded price at $26.64 and a trading volume of 66,882 shares.
• Wall Street Zen downgraded Orix Corp Ads from a "strong-buy" to a "buy" rating as of August 22nd.
• In its recent quarterly earnings report, Orix Corp Ads exceeded analysts' expectations with an EPS of $0.65 and revenue of $5.21 billion, compared to estimates of $0.54 EPS and $4.96 billion revenue.

Shares of Orix Corp Ads (NYSE:IX - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $26.73 and last traded at $26.64, with a volume of 66882 shares changing hands. The stock had previously closed at $26.44.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Orix Corp Ads from a "strong-buy" rating to a "buy" rating in a report on Friday, August 22nd.

Orix Corp Ads Price Performance

The business has a 50-day simple moving average of $24.31 and a 200 day simple moving average of $21.94. The firm has a market cap of $30.36 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 0.99 and a beta of 0.89. 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 released its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.11. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.96 billion. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%. On average, analysts anticipate that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC raised its position in shares of Orix Corp Ads by 31.9% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 56,265 shares of the real estate investment trust's stock worth $1,267,000 after acquiring an additional 13,602 shares in the last quarter. Parr Mcknight Wealth Management Group LLC raised its position in shares of Orix Corp Ads by 1.0% in the 2nd quarter. Parr Mcknight Wealth Management Group LLC now owns 67,964 shares of the real estate investment trust's stock worth $1,531,000 after acquiring an additional 677 shares in the last quarter. Evergreen Capital Management LLC bought a new position in shares of Orix Corp Ads in the 2nd quarter worth approximately $246,000. Corient Private Wealth LLC raised its position in shares of Orix Corp Ads by 50.9% in the 2nd quarter. Corient Private Wealth LLC now owns 31,566 shares of the real estate investment trust's stock worth $711,000 after acquiring an additional 10,642 shares in the last quarter. Finally, Curi Capital LLC raised its position in shares of Orix Corp Ads by 17.0% in the 2nd quarter. Curi Capital LLC now owns 61,772 shares of the real estate investment trust's stock worth $1,391,000 after acquiring an additional 8,969 shares in the last quarter. Institutional investors own 1.73% of the company's stock.

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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