Orix Corp Upgraded to “Buy” by TheStreet (IX)
The analysts wrote, “Orix (IX) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Shares of Orix Corp (NYSE:IX) traded up 0.65% on Friday, hitting $80.01. The stock had a trading volume of 8,333 shares. Orix Corp has a one year low of $60.84 and a one year high of $92.35. The stock has a 50-day moving average of $74.35 and a 200-day moving average of $78.51. The company has a market cap of $20.954 billion and a P/E ratio of 11.33.
ORIX CORP is a Japan-based financial services company. It operates in six business segments. The Corporate Financial Services segment is involved in lending, leasing, commission business for the sale of financial products and environment-related businesses.
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