Orix Corp Ads (NYSE:IX) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Orix Corp Ads (NYSE:IX) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.96 and traded as high as $35.52. Orix Corp Ads shares last traded at $35.3750, with a volume of 677,772 shares.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Orix Corp Ads in a research report on Monday, December 29th. Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Orix Corp Ads Trading Up 0.4%

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 stock has a 50-day simple moving average of $31.40 and a two-hundred day simple moving average of $27.96. The firm has a market capitalization of $40.32 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 0.85 and a beta of 0.74.

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

Hedge Funds Weigh In On Orix Corp Ads

Several institutional investors have recently bought and sold shares of IX. Morgan Stanley lifted its holdings 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 worth $149,546,000 after buying an additional 74,473 shares during the period. Bank of America Corp DE increased 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 during the period. Todd Asset Management LLC raised its position in shares of Orix Corp Ads by 6.1% in the 3rd quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust’s stock worth $48,244,000 after acquiring an additional 105,837 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Orix Corp Ads by 8.3% during the 3rd 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. Finally, American Century Companies Inc. lifted its stake in shares of Orix Corp Ads by 17.6% during the 3rd quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust’s stock worth $16,699,000 after purchasing an additional 95,796 shares during the last quarter. 1.73% of the stock is owned by hedge funds and other institutional investors.

About Orix Corp Ads

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.