ORIX (IX) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research cut shares of ORIX (NYSE:IX) from a hold rating to a sell rating in a report issued on Wednesday.
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 stock opened at $77.36 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.51 and a debt-to-equity ratio of 1.32. The company has a market cap of $19.99 billion, a P/E ratio of 70.33, a P/E/G ratio of 0.97 and a beta of 1.17. ORIX has a 52 week low of $75.67 and a 52 week high of $100.03.
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.
Recommended Story: Investing in Growth Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ORIX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ORIX and related companies with MarketBeat.com's FREE daily email newsletter.