Orix Corp Ads (NYSE:IX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The brokerage presently has a $89.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.32% 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. “

IX has been the topic of a number of other reports. BidaskClub upgraded Orix Corp Ads from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. TheStreet upgraded Orix Corp Ads from a “c+” rating to a “b” rating in a research note on Thursday, June 8th.

Orix Corp Ads (NYSE:IX) traded down 0.24% during trading on Thursday, hitting $79.24. 26,825 shares of the company traded hands. Orix Corp Ads has a 12-month low of $68.43 and a 12-month high of $84.07. The stock has a 50 day moving average price of $80.91 and a 200 day moving average price of $78.58. The company has a market capitalization of $20.27 billion, a P/E ratio of 7.89 and a beta of 1.45.

ILLEGAL ACTIVITY WARNING: “Orix Corp Ads (IX) Upgraded by Zacks Investment Research to “Buy”” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/09/07/orix-corp-ads-ix-upgraded-by-zacks-investment-research-to-buy.html.

Institutional investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC raised its stake in Orix Corp Ads by 3.6% in the 2nd quarter. Proficio Capital Partners LLC now owns 1,262 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 44 shares during the period. Sei Investments Co. raised its stake in Orix Corp Ads by 26.1% in the 2nd quarter. Sei Investments Co. now owns 2,213 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 458 shares during the period. Conning Inc. bought a new stake in Orix Corp Ads in the 2nd quarter valued at about $227,000. Eagle Asset Management Inc. raised its stake in Orix Corp Ads by 11.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 3,446 shares of the real estate investment trust’s stock valued at $268,000 after acquiring an additional 365 shares during the period. Finally, ETRADE Capital Management LLC raised its stake in Orix Corp Ads by 5.7% in the 2nd quarter. ETRADE Capital Management LLC now owns 5,407 shares of the real estate investment trust’s stock valued at $421,000 after acquiring an additional 290 shares during the period. Institutional investors and hedge funds own 1.86% of the company’s stock.

About Orix Corp Ads

Receive News & Stock 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 stocks with our FREE daily email newsletter.