Orix Corp Ads (NYSE:IX) Reaches New 12-Month High – Should You Buy?

Orix Corp Ads (NYSE:IX)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $40.63 and last traded at $40.3880, with a volume of 237682 shares. The stock had previously closed at $40.15.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IX. Weiss Ratings reiterated a “buy (b)” rating on shares of Orix Corp Ads in a report on Friday, May 8th. Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

Orix Corp Ads Trading Up 0.6%

The business’s 50-day moving average price is $36.11 and its two-hundred day moving average price is $32.77. The company has a market capitalization of $44.84 billion, a P/E ratio of 15.13, a PEG ratio of 1.34 and a beta of 0.88. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.76 and a quick ratio of 1.71.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings data on Tuesday, March 31st. The real estate investment trust reported $1.64 EPS for the quarter. The business 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%. As a group, analysts forecast that Orix Corp Ads will post 2.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Orix Corp Ads

Several large investors have recently modified their holdings of the business. Truist Financial Corp lifted its holdings in shares of Orix Corp Ads by 4.1% during the 4th quarter. Truist Financial Corp now owns 8,527 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 337 shares in the last quarter. Corient Private Wealth LLC increased its stake in Orix Corp Ads by 1.1% during the 4th quarter. Corient Private Wealth LLC now owns 35,114 shares of the real estate investment trust’s stock worth $1,026,000 after purchasing an additional 367 shares in the last quarter. Net Worth Advisory Group increased its stake in Orix Corp Ads by 3.6% during the 4th quarter. Net Worth Advisory Group now owns 11,136 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 389 shares in the last quarter. GAMMA Investing LLC raised its holdings in Orix Corp Ads by 6.8% during the 4th quarter. GAMMA Investing LLC now owns 6,701 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 427 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Orix Corp Ads by 2.8% during the 3rd quarter. Franklin Resources Inc. now owns 16,147 shares of the real estate investment trust’s stock worth $422,000 after buying an additional 445 shares during the period. 1.73% of the stock is currently owned by 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.