Orix Corp Ads (IX) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Orix Corp Ads (NYSE:IX) from a hold rating to a buy rating in a research note issued to investors on Tuesday, August 1st. The brokerage currently has $93.00 price target on the real estate investment trust’s stock.

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. “

IX has been the subject of a number of other reports. BidaskClub downgraded shares of Orix Corp Ads from a sell rating to a strong sell rating in a report on Sunday, July 16th. TheStreet upgraded shares of Orix Corp Ads from a c+ rating to a b rating in a report on Thursday, June 8th.

Orix Corp Ads (NYSE:IX) traded up 0.73% during mid-day trading on Tuesday, hitting $81.32. 34,578 shares of the company traded hands. The firm has a 50 day moving average of $80.27 and a 200 day moving average of $78.22. Orix Corp Ads has a one year low of $68.43 and a one year high of $84.07. The firm has a market capitalization of $20.80 billion, a P/E ratio of 8.15 and a beta of 1.43.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by BNB Daily and is the property of of BNB Daily. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/08/19/zacks-investment-research-upgrades-orix-corp-ads-ix-to-buy-updated-updated.html.

A number of large investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC raised its stake in Orix Corp Ads by 6.0% in the second quarter. Parametric Portfolio Associates LLC now owns 349,462 shares of the real estate investment trust’s stock valued at $27,234,000 after buying an additional 19,709 shares in the last quarter. Johnston Asset Management LLC raised its position in shares of Orix Corp Ads by 1.5% in the second quarter. Johnston Asset Management LLC now owns 317,536 shares of the real estate investment trust’s stock worth $24,746,000 after buying an additional 4,600 shares during the period. Northern Trust Corp raised its position in shares of Orix Corp Ads by 1.7% in the second quarter. Northern Trust Corp now owns 255,634 shares of the real estate investment trust’s stock worth $19,921,000 after buying an additional 4,178 shares during the period. Renaissance Group LLC raised its position in shares of Orix Corp Ads by 4.2% in the second quarter. Renaissance Group LLC now owns 193,063 shares of the real estate investment trust’s stock worth $15,045,000 after buying an additional 7,827 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Orix Corp Ads by 11.7% in the second quarter. Wells Fargo & Company MN now owns 181,164 shares of the real estate investment trust’s stock worth $14,118,000 after buying an additional 19,043 shares during the period. Institutional investors and hedge funds own 1.91% of the company’s stock.

Orix Corp Ads Company Profile

Get a free copy of the Zacks research report on Orix Corp Ads (IX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Orix Corp Ads Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orix Corp Ads and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply