Orix Corp Ads (NYSE:IX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $91.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 13.54% from the company’s previous close.
According to Zacks, “ORIX CORP-ADR is a diversified financial services institution with diverse operations in both corporate and retail finance, including: leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokerage. Their international operations include leasing, rentals, fixed income investment, aircraft and ship financing, commercial mortgage servicing and property development. “
Several other equities analysts have also recently issued reports on IX. TheStreet upgraded Orix Corp Ads from a “c+” rating to a “b” rating in a research report on Thursday, June 8th. BidaskClub cut Orix Corp Ads from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th.
Orix Corp Ads (NYSE:IX) traded up 0.458% during midday trading on Wednesday, hitting $80.517. The company’s stock had a trading volume of 5,441 shares. The company’s 50-day moving average is $80.44 and its 200 day moving average is $78.35. Orix Corp Ads has a one year low of $68.43 and a one year high of $84.07. The company has a market cap of $20.60 billion, a price-to-earnings ratio of 8.072 and a beta of 1.43.
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Several large investors have recently added to or reduced their stakes in IX. Proficio Capital Partners LLC boosted its stake in Orix Corp Ads by 3.6% in the second quarter. Proficio Capital Partners LLC now owns 1,262 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 44 shares in the last quarter. Sei Investments Co. boosted its stake in Orix Corp Ads by 26.1% in the second quarter. Sei Investments Co. now owns 2,213 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 458 shares in the last quarter. Conning Inc. purchased a new stake in Orix Corp Ads during the second quarter worth $227,000. Eagle Asset Management Inc. boosted its stake in Orix Corp Ads by 11.8% in the second quarter. Eagle Asset Management Inc. now owns 3,446 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 365 shares in the last quarter. Finally, ETRADE Capital Management LLC boosted its stake in Orix Corp Ads by 5.7% in the second quarter. ETRADE Capital Management LLC now owns 5,407 shares of the real estate investment trust’s stock worth $421,000 after buying an additional 290 shares in the last quarter. Institutional investors and hedge funds own 1.91% of the company’s stock.
Orix Corp Ads Company Profile
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