Orix Corp Ads (NYSE:IX) Sets New 12-Month High – Should You Buy?

Orix Corp Ads (NYSE:IX) shares reached a new 52-week high on Wednesday . The stock traded as high as $28.26 and last traded at $28.1670, with a volume of 83370 shares changing hands. The stock had previously closed at $27.79.

Analysts Set New Price Targets

Several analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Orix Corp Ads in a research report on Monday. Wall Street Zen cut shares of Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a report on Friday, August 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Orix Corp Ads Stock Performance

The stock has a market capitalization of $32.10 billion, a P/E ratio of 10.78, a PEG ratio of 0.93 and a beta of 0.74. The company has a quick ratio of 1.77, a current ratio of 1.81 and a debt-to-equity ratio of 1.31. The company has a 50-day moving average price of $25.71 and a two-hundred day moving average price of $24.50.

Orix Corp Ads (NYSE:IX) last issued its quarterly earnings data on Wednesday, November 12th. The real estate investment trust reported $0.99 EPS for the quarter, beating the consensus estimate of $0.57 by $0.42. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $4.87 billion. Orix Corp Ads had a net margin of 14.53% and a return on equity of 10.30%. Equities analysts expect that Orix Corp Ads will post 11.31 earnings per share for the current year.

Hedge Funds Weigh In On Orix Corp Ads

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IX. Bank of America Corp DE raised its holdings in shares of Orix Corp Ads by 0.9% in the 3rd quarter. Bank of America Corp DE now owns 2,375,278 shares of the real estate investment trust’s stock valued at $62,042,000 after acquiring an additional 21,330 shares in the last quarter. Todd Asset Management LLC increased its position in shares of Orix Corp Ads by 6.1% in the third quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust’s stock worth $48,244,000 after purchasing an additional 105,837 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Orix Corp Ads by 8.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,147,000 shares of the real estate investment trust’s stock worth $29,960,000 after purchasing an additional 88,100 shares during the last quarter. Northern Trust Corp raised its stake in Orix Corp Ads by 400.1% in the first quarter. Northern Trust Corp now owns 1,070,093 shares of the real estate investment trust’s stock valued at $22,354,000 after purchasing an additional 856,122 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Orix Corp Ads by 17.6% during the third quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust’s stock valued at $16,699,000 after purchasing an additional 95,796 shares during the last quarter. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

About Orix Corp Ads

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.