Orix Corp Ads (NYSE:IX) Sees Strong Trading Volume – Should You Buy?

Orix Corp Ads (NYSE:IX) saw an uptick in trading volume on Friday . 273,249 shares traded hands during trading, an increase of 27% from the previous session’s volume of 214,948 shares.The stock last traded at $36.04 and had previously closed at $36.60.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on IX shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Orix Corp Ads in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Orix Corp Ads Stock Down 0.8%

The firm has a market cap of $41.40 billion, a P/E ratio of 13.02, a P/E/G ratio of 0.88 and a beta of 0.74. The company has a current ratio of 1.82, a quick ratio of 1.77 and a debt-to-equity ratio of 1.29. The business has a 50-day moving average price of $30.41 and a 200-day moving average price of $27.35.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.18. Orix Corp Ads had a net margin of 15.04% and a return on equity of 10.69%. The company had revenue of $4.78 billion during the quarter, compared to analyst estimates of $4.38 billion. On average, equities analysts forecast that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Orix Corp Ads

A number of large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in Orix Corp Ads during the 4th quarter valued at $35,000. Smartleaf Asset Management LLC lifted its stake in shares of Orix Corp Ads by 9.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 9,222 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 758 shares during the last quarter. Morgan Stanley boosted its position in Orix Corp Ads by 1.5% during the fourth quarter. Morgan Stanley now owns 5,117,942 shares of the real estate investment trust’s stock valued at $149,546,000 after purchasing an additional 74,473 shares in the last quarter. First Trust Advisors LP grew its stake in Orix Corp Ads by 8.6% in the fourth quarter. First Trust Advisors LP now owns 54,955 shares of the real estate investment trust’s stock valued at $1,606,000 after purchasing an additional 4,374 shares during the last quarter. Finally, OpenArc Corporate Advisory LLC bought a new position in Orix Corp Ads in the fourth quarter worth about $233,000. Institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Company Profile

ORIX Corporation ADS (NYSE: IX) is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX’s ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.