Analysts Set $108.00 Price Target for ORIX Co. (IX)
Shares of ORIX Co. (NYSE:IX) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokers have set a 12-month consensus price objective of $108.00 for the company, according to Zacks. Zacks has also assigned ORIX an industry rank of 156 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of ORIX from a “buy” rating to a “sell” rating in a report on Tuesday, September 26th.
Large investors have recently modified their holdings of the stock. Zions Bancorporation raised its holdings in shares of ORIX by 2,314.8% during the third quarter. Zions Bancorporation now owns 1,304 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 1,250 shares during the period. Sei Investments Co. raised its holdings in shares of ORIX by 26.1% during the second quarter. Sei Investments Co. now owns 2,213 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 458 shares during the period. Boyd Watterson Asset Management LLC OH acquired a new stake in shares of ORIX during the fourth quarter worth $206,000. River Road Asset Management LLC acquired a new stake in shares of ORIX during the third quarter worth $235,000. Finally, Jane Street Group LLC acquired a new stake in shares of ORIX during the third quarter worth $238,000. Institutional investors and hedge funds own 1.90% of the company’s stock.
Shares of ORIX (IX) traded up $2.52 during trading hours on Wednesday, hitting $96.10. 149,134 shares of the company were exchanged, compared to its average volume of 24,156. ORIX has a fifty-two week low of $73.70 and a fifty-two week high of $96.30. The company has a current ratio of 1.50, a quick ratio of 1.47 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $25,210.00, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49.
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