ORIX (NYSE:IX) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of ORIX (NYSE:IX) from a hold rating to a buy rating in a report issued on Monday morning.

ORIX Stock Performance

NYSE:IX opened at $103.47 on Monday. The firm has a market capitalization of $24.03 billion, a PE ratio of 12.10, 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 has a current ratio of 1.79, a quick ratio of 1.75 and a debt-to-equity ratio of 1.40. The firm’s fifty day simple moving average is $106.12 and its 200 day simple moving average is $97.76.

ORIX (NYSE:IX) last issued its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $2.66 earnings per share (EPS) for the quarter. ORIX had a return on equity of 7.60% and a net margin of 10.31%. The company had revenue of $4.59 billion for the quarter. On average, sell-side analysts anticipate that ORIX will post 9.86 EPS for the current year.

Institutional Investors Weigh In On ORIX

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BKM Wealth Management LLC bought a new stake in ORIX in the 4th quarter valued at $25,000. Bruce G. Allen Investments LLC acquired a new stake in ORIX during the fourth quarter worth about $29,000. Tower Research Capital LLC TRC grew its position in ORIX by 94.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 410 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 199 shares in the last quarter. Blue Trust Inc. increased its stake in ORIX by 107.8% during the fourth quarter. Blue Trust Inc. now owns 613 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 318 shares during the period. Finally, GAMMA Investing LLC acquired a new position in ORIX in the 4th quarter valued at approximately $63,000. Institutional investors and hedge funds own 1.73% of the company’s stock.

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.