Orix Corp Ads (NYSE:IX) Sets New 1-Year High – Should You Buy?

Orix Corp Ads (NYSE:IX) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.48 and last traded at $29.55, with a volume of 5603 shares. The stock had previously closed at $28.98.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Orix Corp Ads from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Orix Corp Ads Trading Up 2.0%

The company has a debt-to-equity ratio of 1.31, a current ratio of 1.81 and a quick ratio of 1.77. The stock has a market cap of $33.69 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 0.88 and a beta of 0.74. The stock’s 50-day moving average is $26.33 and its two-hundred day moving average is $24.98.

Orix Corp Ads (NYSE:IX) last announced its earnings results on Wednesday, November 12th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.42. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.87 billion. Orix Corp Ads had a net margin of 14.53% and a return on equity of 10.30%. Equities research analysts anticipate that Orix Corp Ads will post 11.31 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Ascent Group LLC purchased a new stake in shares of Orix Corp Ads during the first quarter worth $263,000. Advisors Asset Management Inc. lifted its holdings in Orix Corp Ads by 414.2% in the first quarter. Advisors Asset Management Inc. now owns 39,447 shares of the real estate investment trust’s stock valued at $824,000 after acquiring an additional 31,775 shares during the last quarter. Vise Technologies Inc. acquired a new stake in Orix Corp Ads during the second quarter worth $892,000. Rhumbline Advisers increased its position in shares of Orix Corp Ads by 305.7% during the first quarter. Rhumbline Advisers now owns 43,196 shares of the real estate investment trust’s stock valued at $902,000 after acquiring an additional 32,548 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Orix Corp Ads by 1,105.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,484 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 2,278 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

About Orix Corp Ads

ORIX Corporation ADS (NYSE: IX) is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX’s ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.