StockNews.com Upgrades ORIX (NYSE:IX) to Buy

ORIX (NYSE:IX) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

ORIX Trading Down 1.2 %

Shares of ORIX stock opened at $102.34 on Monday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.75 and a current ratio of 1.79. The company has a market capitalization of $23.76 billion, a P/E ratio of 11.97, a PEG ratio of 0.73 and a beta of 0.85. ORIX has a 1 year low of $82.67 and a 1 year high of $113.43. The company’s fifty day moving average is $106.12 and its two-hundred day moving average is $97.84.

ORIX (NYSE:IX) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $2.66 EPS for the quarter. The business had revenue of $4.59 billion during the quarter. ORIX had a return on equity of 7.60% and a net margin of 10.31%. Analysts forecast that ORIX will post 9.86 earnings per share for the current year.

Institutional Investors Weigh In On ORIX

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of ORIX by 135.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 485 shares during the last quarter. Aaron Wealth Advisors LLC raised its stake in ORIX by 40.6% during the first quarter. Aaron Wealth Advisors LLC now owns 3,480 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 1,005 shares during the period. Kathmere Capital Management LLC grew its stake in shares of ORIX by 3.1% during the 1st quarter. Kathmere Capital Management LLC now owns 4,244 shares of the real estate investment trust’s stock valued at $468,000 after buying an additional 126 shares during the period. DGS Capital Management LLC increased its holdings in shares of ORIX by 8.9% during the 1st quarter. DGS Capital Management LLC now owns 6,181 shares of the real estate investment trust’s stock worth $681,000 after buying an additional 503 shares during the last quarter. Finally, Gilman Hill Asset Management LLC raised its position in shares of ORIX by 7.1% in the 1st quarter. Gilman Hill Asset Management LLC now owns 32,090 shares of the real estate investment trust’s stock worth $3,536,000 after buying an additional 2,140 shares during the period. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

ORIX 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.