ORIX (NYSE:IX) Upgraded by StockNews.com to “Buy” Rating

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 morning.

ORIX Price Performance

Shares of NYSE IX opened at $108.32 on Tuesday. The company has a market capitalization of $25.15 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 1.05 and a beta of 0.91. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.77 and a current ratio of 1.40. The company has a 50 day simple moving average of $113.51 and a two-hundred day simple moving average of $112.78. ORIX has a fifty-two week low of $88.28 and a fifty-two week high of $125.84.

Institutional Investors Weigh In On ORIX

A number of large investors have recently added to or reduced their stakes in IX. Addison Advisors LLC bought a new stake in ORIX in the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC grew its position in ORIX by 44.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 140 shares during the period. Allspring Global Investments Holdings LLC grew its position in ORIX by 135.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 485 shares during the period. CWM LLC grew its position in ORIX by 10.8% in the 2nd quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 93 shares during the period. Finally, GAMMA Investing LLC grew its position in ORIX by 26.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,060 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 220 shares during the period. Institutional investors own 1.73% of the company’s stock.

ORIX Company Profile

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.