Orix Corp Ads (NYSE:IX) Hits New 52-Week High - Time to Buy?

Key Points

• Orix Corp Ads' stock has reached a new 52-week high of $25.64, reflecting a positive trading day with a volume of 994 shares.
• Analyst ratings for Orix were upgraded from a "hold" to a "strong-buy" by Wall Street Zen on August 9th, indicating increased confidence in the stock's performance.
• The company reported $5.21 billion in revenue for the last quarter, surpassing analysts' expectations of $4.96 billion, alongside a notable earnings per share of $0.65.

Orix Corp Ads (NYSE:IX - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $25.64 and last traded at $25.58, with a volume of 994 shares changing hands. The stock had previously closed at $25.40.

Wall Street Analyst Weigh In

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

Orix Corp Ads Price Performance

The business has a 50-day moving average price of $22.76 and a 200 day moving average price of $21.29. The company has a market cap of $29.51 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 0.97 and a beta of 0.92. The company has a current ratio of 1.76, a quick ratio of 1.72 and a debt-to-equity ratio of 1.36.

Orix Corp Ads (NYSE:IX - Get Free Report) last announced its quarterly earnings data 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. 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 the consensus estimate of $4.96 billion. As a group, research analysts expect that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orix Corp Ads

Large investors have recently made changes to their positions in the company. Bessemer Group Inc. boosted its holdings in shares of Orix Corp Ads by 3,582.3% during the first quarter. Bessemer Group Inc. now owns 2,283 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 2,221 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of Orix Corp Ads by 202.9% during the first quarter. Yousif Capital Management LLC now owns 11,300 shares of the real estate investment trust's stock worth $236,000 after purchasing an additional 7,570 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Orix Corp Ads by 343.2% during the first quarter. GAMMA Investing LLC now owns 5,708 shares of the real estate investment trust's stock worth $119,000 after purchasing an additional 4,420 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Orix Corp Ads during the fourth quarter worth approximately $273,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Orix Corp Ads by 352.1% during the first quarter. Sequoia Financial Advisors LLC now owns 20,505 shares of the real estate investment trust's stock worth $428,000 after purchasing an additional 15,969 shares during the period. Institutional investors and hedge funds own 1.73% of the company's stock.

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.