ORIX (NYSE:IX) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of ORIX (NYSE:IX) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

ORIX Trading Down 2.1%

IX opened at $20.07 on Tuesday. The stock has a market capitalization of $22.87 billion, a PE ratio of 1.75, a P/E/G ratio of 0.97 and a beta of 0.88. ORIX has a one year low of $17.75 and a one year high of $25.17. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.73 and a current ratio of 1.77. The business’s 50 day moving average price is $20.25 and its 200 day moving average price is $20.94.

ORIX (NYSE:IX) last announced its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.20). The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $5.17 billion. ORIX had a net margin of 13.66% and a return on equity of 9.73%. As a group, equities research analysts expect that ORIX will post 11.31 EPS for the current year.

Hedge Funds Weigh In On ORIX

A number of hedge funds have recently made changes to their positions in IX. JPMorgan Chase & Co. lifted its stake in ORIX by 198.9% during the third quarter. JPMorgan Chase & Co. now owns 7,353 shares of the real estate investment trust’s stock worth $853,000 after purchasing an additional 4,893 shares in the last quarter. Park Avenue Securities LLC lifted its stake in ORIX by 30.6% during the 4th quarter. Park Avenue Securities LLC now owns 3,460 shares of the real estate investment trust’s stock worth $368,000 after acquiring an additional 811 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in ORIX by 6.6% during the 4th quarter. Aaron Wealth Advisors LLC now owns 4,188 shares of the real estate investment trust’s stock valued at $445,000 after acquiring an additional 259 shares during the period. Gilman Hill Asset Management LLC grew its position in ORIX by 8.2% in the 4th quarter. Gilman Hill Asset Management LLC now owns 36,590 shares of the real estate investment trust’s stock valued at $3,887,000 after acquiring an additional 2,775 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in ORIX by 14.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 32,806 shares of the real estate investment trust’s stock valued at $3,485,000 after acquiring an additional 4,084 shares in the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

About ORIX

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.