Orix Corp Ads (IX) Stock Rating Upgraded by Zacks Investment Research

Orix Corp Ads (NYSE:IX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage presently has a $90.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.29% from the stock’s current price.

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 upgraded Orix Corp Ads from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. TheStreet upgraded Orix Corp Ads from a “c+” rating to a “b” rating in a research report on Thursday, June 8th.

Orix Corp Ads (NYSE:IX) opened at 80.15 on Friday. Orix Corp Ads has a 52 week low of $68.43 and a 52 week high of $84.07. The company has a 50 day moving average of $81.03 and a 200 day moving average of $78.65. The stock has a market capitalization of $20.50 billion, a P/E ratio of 7.94 and a beta of 1.45.

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Institutional investors and hedge funds have recently modified their holdings of the stock. Proficio Capital Partners LLC lifted its position 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 during the last quarter. Sei Investments Co. lifted its position 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 during the last quarter. Conning Inc. bought a new stake in Orix Corp Ads in the second quarter worth $227,000. Eagle Asset Management Inc. lifted its position 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 during the last quarter. Finally, ETRADE Capital Management LLC lifted its position 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 during the last quarter. Institutional investors own 1.86% of the company’s stock.

About Orix Corp Ads

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