Zacks: ORIX Corporation (IX) Given $108.00 Consensus Price Target by Brokerages
Shares of ORIX Corporation (NYSE:IX) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price target of $108.00 for the company, according to Zacks. Zacks has also assigned ORIX Corporation an industry rank of 190 out of 265 based on the ratings given to its competitors.
A number of research firms have recently weighed in on IX. Zacks Investment Research cut ORIX Corporation from a “buy” rating to a “sell” rating in a research report on Tuesday, September 26th. BidaskClub cut ORIX Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th.
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Shares of ORIX Corporation (NYSE IX) traded up $1.33 during midday trading on Friday, reaching $89.42. The company’s stock had a trading volume of 38,853 shares, compared to its average volume of 27,787. ORIX Corporation has a 12 month low of $73.70 and a 12 month high of $89.51. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.50 and a quick ratio of 1.49. The stock has a market cap of $23.69 billion, a P/E ratio of 89.37, a price-to-earnings-growth ratio of 1.04 and a beta of 1.49.
A number of institutional investors and hedge funds have recently modified their holdings of IX. Proficio Capital Partners LLC raised its stake in ORIX Corporation by 3.6% during the 2nd quarter. Proficio Capital Partners LLC now owns 1,262 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 44 shares during the period. Sei Investments Co. raised its stake in ORIX Corporation by 26.1% during the 2nd quarter. Sei Investments Co. now owns 2,213 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 458 shares during the period. Conning Inc. bought a new stake in ORIX Corporation during the 2nd quarter valued at approximately $227,000. River Road Asset Management LLC bought a new stake in ORIX Corporation during the 3rd quarter valued at approximately $235,000. Finally, Eagle Asset Management Inc. raised its stake in ORIX Corporation by 11.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 3,446 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 365 shares during the period. 1.91% of the stock is currently owned by institutional investors.
About ORIX Corporation
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