Orix Corp Ads (NYSE:IX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm presently has a $89.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.96% from the stock’s current price.

According to Zacks, “ORIX CORP-ADR is a diversified financial services institution with diverse operations in both corporate and retail finance, including: leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokerage. Their international operations include leasing, rentals, fixed income investment, aircraft and ship financing, commercial mortgage servicing and property development. “

Several other analysts also recently weighed in on the company. BidaskClub downgraded Orix Corp Ads from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. TheStreet upgraded Orix Corp Ads from a “c+” rating to a “b” rating in a research note on Thursday, June 8th.

Orix Corp Ads (NYSE IX) traded up 0.32% on Thursday, hitting $79.49. The stock had a trading volume of 25,370 shares. Orix Corp Ads has a 1-year low of $68.43 and a 1-year high of $84.07. The company has a market cap of $20.34 billion, a P/E ratio of 7.92 and a beta of 1.45. The stock has a 50 day moving average price of $80.92 and a 200 day moving average price of $78.59.

TRADEMARK VIOLATION WARNING: This story was reported by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/09/09/orix-corp-ads-ix-raised-to-buy-at-zacks-investment-research.html.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its stake in Orix Corp Ads by 20.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 63,244 shares of the real estate investment trust’s stock valued at $4,929,000 after purchasing an additional 10,790 shares during the last quarter. Stifel Financial Corp boosted its stake in Orix Corp Ads by 0.5% during the 2nd quarter. Stifel Financial Corp now owns 19,543 shares of the real estate investment trust’s stock valued at $1,520,000 after purchasing an additional 94 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Orix Corp Ads by 6.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 349,462 shares of the real estate investment trust’s stock valued at $27,234,000 after purchasing an additional 19,709 shares during the last quarter. M&T Bank Corp boosted its stake in Orix Corp Ads by 12.8% during the 2nd quarter. M&T Bank Corp now owns 5,648 shares of the real estate investment trust’s stock valued at $440,000 after purchasing an additional 639 shares during the last quarter. Finally, ETRADE Capital Management LLC boosted its stake in Orix Corp Ads by 5.7% during the 2nd quarter. ETRADE Capital Management LLC now owns 5,407 shares of the real estate investment trust’s stock valued at $421,000 after purchasing an additional 290 shares during the last quarter. Institutional investors and hedge funds own 1.86% of the company’s stock.

Orix Corp Ads Company Profile

Get a free copy of the Zacks research report on Orix Corp Ads (IX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Orix Corp Ads Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orix Corp Ads and related companies with MarketBeat.com's FREE daily email newsletter.