ORIX (NYSE:IX) Lowered to Sell at Goldman Sachs Group

Goldman Sachs Group lowered shares of ORIX (NYSE:IX) from a buy rating to a sell rating in a report released on Friday morning, The Fly reports.

IX has been the topic of several other reports. Zacks Investment Research lowered shares of ORIX from a hold rating to a strong sell rating in a research report on Wednesday, June 24th. Citigroup lowered shares of ORIX from a buy rating to a neutral rating in a research report on Friday. Finally, ValuEngine upgraded shares of ORIX from a strong sell rating to a sell rating in a report on Tuesday, June 23rd. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. ORIX has a consensus rating of Hold and an average target price of $83.00.

ORIX stock opened at $61.72 on Friday. ORIX has a 52 week low of $52.65 and a 52 week high of $89.21. The company has a quick ratio of 1.76, a current ratio of 1.79 and a debt-to-equity ratio of 1.40. The firm’s 50-day simple moving average is $64.55 and its 200 day simple moving average is $71.81. The firm has a market capitalization of $15.74 billion, a PE ratio of 7.08, a P/E/G ratio of 2.35 and a beta of 0.92.

ORIX (NYSE:IX) last released its quarterly earnings data on Thursday, May 21st. The real estate investment trust reported $2.13 EPS for the quarter. ORIX had a net margin of 13.28% and a return on equity of 10.00%. The business had revenue of $5.47 billion for the quarter. On average, research analysts expect that ORIX will post 8.94 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in IX. JPMorgan Chase & Co. increased its stake in shares of ORIX by 56.7% during the 1st quarter. JPMorgan Chase & Co. now owns 478 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 173 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of ORIX during the 1st quarter valued at about $29,000. Advisor Group Holdings Inc. acquired a new position in shares of ORIX during the 1st quarter valued at about $65,000. Johnson Investment Counsel Inc. acquired a new position in shares of ORIX during the 4th quarter valued at about $204,000. Finally, Rhumbline Advisers acquired a new position in shares of ORIX during the 4th quarter valued at about $206,000. Institutional investors own 1.68% of the company’s stock.

About ORIX

ORIX Corporation provides diversified financial services primarily in Japan and the Americas. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses.

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