Orix Corp Ads (NYSE:IX) Rating Increased to Strong-Buy at Wall Street Zen

Key Points

• Orix Corp Ads (NYSE:IX) has been upgraded from a "hold" rating to a "strong-buy" rating by analysts at Wall Street Zen.
• The company's stock opened at $25.24, with a 1-year low of $17.75 and a high of $25.33, indicating strong performance in the past year.
• Orix Corp Ads reported a net margin of 12.70% and a revenue of $5.21 billion for the last quarter, exceeding analyst expectations.

Orix Corp Ads (NYSE:IX - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "strong-buy" rating in a research report issued on Saturday.

Orix Corp Ads Stock Performance

Shares of IX stock traded up $0.20 during trading hours on Friday, reaching $25.45. 94,070 shares of the company's stock were exchanged, compared to its average volume of 222,503. Orix Corp Ads has a fifty-two week low of $17.75 and a fifty-two week high of $25.54. The stock has a market capitalization of $29.01 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.95 and a beta of 0.92. The business has a fifty day moving average price of $22.42 and a 200-day moving average price of $21.17. The company has a quick ratio of 1.72, a current ratio of 1.76 and a debt-to-equity ratio of 1.36.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 EPS for the quarter, topping 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 analyst estimates of $4.96 billion. Analysts predict that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Soundwatch Capital LLC bought a new stake in Orix Corp Ads in the second quarter valued at $25,000. Bruce G. Allen Investments LLC grew its position in Orix Corp Ads by 388.5% in the first quarter. Bruce G. Allen Investments LLC now owns 1,270 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 1,010 shares during the period. AlphaCore Capital LLC bought a new stake in Orix Corp Ads in the second quarter valued at $27,000. Brooklyn Investment Group grew its position in Orix Corp Ads by 132,800.0% in the first quarter. Brooklyn Investment Group now owns 1,329 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 1,328 shares during the period. Finally, Farther Finance Advisors LLC grew 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 acquiring an additional 1,096 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.