ORIX (NYSE:IX) Rating Lowered to Neutral at Citigroup

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Citigroup downgraded shares of ORIX (NYSE:IX) from a buy rating to a neutral rating in a research report report published on Friday morning, Briefing.com Automated Import reports.

IX has been the subject of a number of other research reports. Zacks Investment Research lowered shares of ORIX from a hold rating to a strong sell rating in a research report on Wednesday, June 24th. Goldman Sachs Group lowered shares of ORIX from a conviction-buy rating to a buy rating in a research report on Thursday, April 9th. Finally, ValuEngine raised shares of ORIX from a strong sell rating to a sell rating in a research report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $83.00.

ORIX stock opened at $61.72 on Friday. The firm has a market cap of $15.74 billion, a price-to-earnings ratio of 7.08, a P/E/G ratio of 2.35 and a beta of 0.92. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.79 and a quick ratio of 1.76. ORIX has a fifty-two week low of $52.65 and a fifty-two week high of $89.21. The firm has a fifty day moving average price of $64.55 and a two-hundred day moving average price of $71.81.

ORIX (NYSE:IX) last released its earnings results on Thursday, May 21st. The real estate investment trust reported $2.13 earnings per share for the quarter. The firm had revenue of $5.47 billion during the quarter. ORIX had a net margin of 13.28% and a return on equity of 10.00%. As a group, sell-side analysts expect that ORIX will post 8.94 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in ORIX by 56.7% in the first quarter. JPMorgan Chase & Co. now owns 478 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 173 shares during the period. Tower Research Capital LLC TRC bought a new stake in ORIX during the first quarter worth about $29,000. Advisor Group Holdings Inc. bought a new stake in ORIX during the first quarter worth about $65,000. Johnson Investment Counsel Inc. bought a new stake in ORIX during the fourth quarter worth about $204,000. Finally, Rhumbline Advisers bought a new stake in ORIX during the fourth quarter worth about $206,000. 1.68% of the stock is currently owned by institutional investors and hedge funds.

ORIX Company Profile

ORIX Corporation provides diversified financial services primarily in Japan and the Americas. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses.

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