Orix Corp Ads (NYSE:IX) Upgraded by Wall Street Zen to Buy Rating

Orix Corp Ads (NYSE:IX) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Orix Corp Ads in a research note on Friday, May 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Orix Corp Ads currently has an average rating of “Buy”.

Orix Corp Ads Price Performance

IX opened at $39.01 on Friday. The company has a market capitalization of $43.31 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 1.29 and a beta of 0.84. The company has a quick ratio of 1.71, a current ratio of 1.76 and a debt-to-equity ratio of 1.30. The firm has a 50-day moving average price of $33.20 and a 200-day moving average price of $31.29. Orix Corp Ads has a twelve month low of $21.03 and a twelve month high of $40.00.

Orix Corp Ads (NYSE:IX) last posted its earnings results on Tuesday, March 31st. The real estate investment trust reported $1.64 earnings per share for the quarter. The firm had revenue of $6.03 billion during the quarter. Orix Corp Ads had a net margin of 13.55% and a return on equity of 9.93%. Equities analysts expect that Orix Corp Ads will post 2.96 EPS for the current year.

Hedge Funds Weigh In On Orix Corp Ads

Several hedge funds have recently bought and sold shares of the company. Atlas Capital Advisors Inc. purchased a new position in Orix Corp Ads in the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new stake in Orix Corp Ads during the 4th quarter valued at $34,000. Kestra Advisory Services LLC bought a new stake in Orix Corp Ads during the 4th quarter valued at $35,000. Geneos Wealth Management Inc. increased its position in Orix Corp Ads by 4,325.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 2,033 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Orix Corp Ads by 56.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 1,160 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

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.