Orix (NYSE:IX) was upgraded by equities research analysts at UBS from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, April 25th, thefly.com reports. The analysts noted that the move was a valuation call.
Separately, Zacks Investment Research raised Orix from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Tuesday, March 27th.
NYSE:IX opened at $89.67 on Wednesday. The stock has a market capitalization of $22.89 billion, a P/E ratio of 92.44, a P/E/G ratio of 0.97 and a beta of 1.47. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.47 and a current ratio of 1.50. Orix has a 52-week low of $88.92 and a 52-week high of $88.92.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Capital Group LLC lifted its stake in Orix by 2,224.5% during the first quarter. Private Capital Group LLC now owns 1,139 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 1,090 shares during the last quarter. Resources Investment Advisors Inc. bought a new position in shares of Orix in the 1st quarter valued at $125,000. Elkfork Partners LLC bought a new position in shares of Orix in the 4th quarter valued at $180,000. BancorpSouth Bank bought a new position in shares of Orix in the 4th quarter valued at $203,000. Finally, Boyd Watterson Asset Management LLC OH bought a new position in shares of Orix in the 4th quarter valued at $206,000. Hedge funds and other institutional investors own 1.88% of the company’s stock.
ORIX Corporation provides financial services. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses. The Maintenance Leasing segment is involved in leasing, automobile rental, and car sharing activities; lease and rental of precision measuring, information technology related, and medical equipment; and the sale of software packages, as well as the provision of technical support, equipment calibration, and asset management services.
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