Orix Corp Ads (NYSE:IX) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Technical breakout: Orix ADS crossed above its 200‑day moving average (200‑day MA $28.82) on Friday, trading as high as $29.71 and last at $29.30 on volume ~301,703 shares.
• Strong quarter and attractive valuation: Q earnings topped estimates ($0.69 EPS vs. $0.51 expected) and revenue beat ($5.72B vs. $4.38B), with a PE of 10.5 and PEG of 0.72.
• Mixed analyst signals but overall positive view: MarketBeat shows a consensus "Buy" while Weiss Ratings reiterated a buy and Wall Street Zen cut to a hold, and several institutions have recently increased stakes in the stock.

Orix Corp Ads (NYSE:IX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $28.82 and traded as high as $29.71. Orix Corp Ads shares last traded at $29.3020, with a volume of 301,703 shares traded.

Analyst Ratings Changes

Several brokerages recently issued reports on IX. Weiss Ratings reiterated a "buy (b-)" rating on shares of Orix Corp Ads in a research note on Monday, December 29th. Wall Street Zen cut shares of Orix Corp Ads from a "buy" rating to a "hold" rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

Orix Corp Ads Stock Down 1.1%

The company has a debt-to-equity ratio of 1.29, a current ratio of 1.82 and a quick ratio of 1.77. The stock has a 50 day simple moving average of $32.21 and a 200-day simple moving average of $28.82. The firm has a market cap of $33.40 billion, a PE ratio of 10.50, a PEG ratio of 0.72 and a beta of 0.71.

Orix Corp Ads (NYSE:IX - Get Free Report) last released its earnings results on Monday, February 9th. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.18. Orix Corp Ads had a return on equity of 10.69% and a net margin of 15.04%.The firm had revenue of $5.72 billion for the quarter, compared to analysts' expectations of $4.38 billion. Sell-side analysts predict that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Caprock Group LLC bought a new stake in Orix Corp Ads in the 3rd quarter worth about $659,000. Todd Asset Management LLC raised its position in Orix Corp Ads by 6.1% in the 3rd quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust's stock worth $48,244,000 after buying an additional 105,837 shares during the last quarter. CWM LLC lifted its stake in Orix Corp Ads by 121.9% during the 3rd quarter. CWM LLC now owns 93,913 shares of the real estate investment trust's stock valued at $2,453,000 after acquiring an additional 51,595 shares during the period. AlphaCore Capital LLC lifted its stake in Orix Corp Ads by 6,402.7% during the 3rd quarter. AlphaCore Capital LLC now owns 77,707 shares of the real estate investment trust's stock valued at $2,030,000 after acquiring an additional 76,512 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Orix Corp Ads by 17.6% during the 3rd quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust's stock valued at $16,699,000 after acquiring an additional 95,796 shares during the last quarter. 1.73% of the stock is owned by hedge funds and other institutional investors.

About Orix Corp Ads

ORIX Corporation ADS NYSE: IX is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX's ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.

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