Zacks: Brokerages Set $115.30 Price Target for ORIX Co. (NYSE:IX)

Shares of ORIX Co. (NYSE:IX) have been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. ORIX’s rating score has declined by 100% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Brokers have set a twelve-month consensus price target of $115.30 for the company, according to Zacks. Zacks has also given ORIX an industry rank of 45 out of 256 based on the ratings given to related companies.

IX has been the topic of several analyst reports. ValuEngine downgraded ORIX from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Zacks Investment Research raised ORIX from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Wednesday, July 31st. Finally, TheStreet downgraded ORIX from a “b-” rating to a “c+” rating in a research report on Thursday, May 2nd.

Shares of NYSE IX traded down $1.46 during trading hours on Wednesday, hitting $68.60. 217 shares of the company traded hands, compared to its average volume of 48,686. The company has a market capitalization of $17.73 billion, a PE ratio of 60.31, a price-to-earnings-growth ratio of 0.81 and a beta of 0.96. The company has a quick ratio of 1.32, a current ratio of 1.35 and a debt-to-equity ratio of 1.40. The firm’s 50 day moving average is $74.46. ORIX has a 12 month low of $67.00 and a 12 month high of $84.51.

Institutional investors have recently made changes to their positions in the business. Aperio Group LLC raised its stake in ORIX by 35.8% in the second quarter. Aperio Group LLC now owns 370,063 shares of the real estate investment trust’s stock valued at $27,710,000 after buying an additional 97,650 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in ORIX by 17.4% during the second quarter. Parametric Portfolio Associates LLC now owns 586,105 shares of the real estate investment trust’s stock worth $43,888,000 after purchasing an additional 86,831 shares in the last quarter. Marshall Wace LLP boosted its position in ORIX by 134.4% during the first quarter. Marshall Wace LLP now owns 71,956 shares of the real estate investment trust’s stock worth $5,172,000 after purchasing an additional 41,262 shares in the last quarter. Marshall Wace North America L.P. boosted its position in ORIX by 123.6% during the second quarter. Marshall Wace North America L.P. now owns 56,850 shares of the real estate investment trust’s stock worth $4,257,000 after purchasing an additional 31,428 shares in the last quarter. Finally, Northern Trust Corp boosted its position in ORIX by 10.6% during the second quarter. Northern Trust Corp now owns 297,068 shares of the real estate investment trust’s stock worth $22,245,000 after purchasing an additional 28,518 shares in the last quarter. 1.50% of the stock is currently owned by institutional investors.

ORIX Company Profile

ORIX Corporation provides diversified financial services primarily in Japan and the Americas. 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.

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