Orix Corp Ads (NYSE:IX) Downgraded by Wall Street Zen to Buy

Key Points

• Investment analysts at Wall Street Zen have downgraded Orix Corp Ads from a "strong-buy" rating to a "buy" rating.
• Orix Corp Ads reported earnings of $0.65 EPS for the last quarter, exceeding analysts' expectations of $0.54.
• Significant institutional trading activity has been noted, with firms like Bank of America and others significantly increasing their stakes in Orix Corp Ads.

Wall Street Zen cut shares of Orix Corp Ads (NYSE:IX - Free Report) from a strong-buy rating to a buy rating in a report released on Friday morning.

Orix Corp Ads Stock Up 1.4%

Shares of Orix Corp Ads stock traded up $0.37 on Friday, reaching $26.15. The stock had a trading volume of 215,164 shares, compared to its average volume of 171,130. The company has a 50 day moving average price of $23.55 and a 200 day moving average price of $21.58. 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 has a 1 year low of $17.75 and a 1 year high of $26.25. The stock has a market capitalization of $29.80 billion, a P/E ratio of 11.96, a P/E/G ratio of 0.97 and a beta of 0.92.

Orix Corp Ads (NYSE:IX - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.11. Orix Corp Ads had a net margin of 12.70% and a return on equity of 9.01%. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.96 billion. As a group, equities research analysts forecast that Orix Corp Ads will post 11.31 EPS for the current year.

Institutional Trading of Orix Corp Ads

Several large investors have recently bought and sold shares of IX. LPL Financial LLC grew its position in Orix Corp Ads by 48.7% during the 4th quarter. LPL Financial LLC now owns 2,648 shares of the real estate investment trust's stock worth $281,000 after purchasing an additional 867 shares during the last quarter. JPMorgan Chase & Co. grew its position in Orix Corp Ads by 39.2% during the 4th quarter. JPMorgan Chase & Co. now owns 10,233 shares of the real estate investment trust's stock worth $1,087,000 after purchasing an additional 2,880 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Orix Corp Ads by 5.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 27,132 shares of the real estate investment trust's stock worth $2,882,000 after purchasing an additional 1,496 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Orix Corp Ads during the 4th quarter worth approximately $312,000. Finally, Marshall Wace LLP purchased a new stake in Orix Corp Ads during the 4th quarter worth approximately $226,000. Hedge funds and other 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.