Orix Corp Ads (IX) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Orix Corp Ads (NYSE:IX) from a buy rating to a hold rating in a research report report published on Tuesday morning.

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. “

Several other analysts have also recently weighed in on the company. BidaskClub cut Orix Corp Ads from a sell rating to a strong sell rating in a report on Friday, August 25th. TheStreet raised Orix Corp Ads from a c+ rating to a b rating in a report on Thursday, June 8th.

Orix Corp Ads (NYSE IX) opened at 80.15 on Tuesday. The firm has a 50-day moving average price of $81.03 and a 200-day moving average price of $78.65. The company has a market cap of $20.50 billion, a PE ratio of 7.94 and a beta of 1.45. Orix Corp Ads has a 52-week low of $68.43 and a 52-week high of $84.07.

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Several large investors have recently added to or reduced their stakes in the business. Synovus Financial Corp raised its holdings in shares of Orix Corp Ads by 29.2% during the 2nd quarter. Synovus Financial Corp now owns 15,118 shares of the real estate investment trust’s stock valued at $1,174,000 after buying an additional 3,416 shares in the last quarter. Scout Investments Inc. raised its holdings in shares of Orix Corp Ads by 7.6% during the 2nd quarter. Scout Investments Inc. now owns 41,562 shares of the real estate investment trust’s stock valued at $3,239,000 after buying an additional 2,936 shares in the last quarter. Greenleaf Trust raised its holdings in shares of Orix Corp Ads by 83.4% during the 2nd quarter. Greenleaf Trust now owns 7,050 shares of the real estate investment trust’s stock valued at $549,000 after buying an additional 3,205 shares in the last quarter. Duff & Phelps Investment Management Co. raised its holdings in shares of Orix Corp Ads by 9.4% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 87,386 shares of the real estate investment trust’s stock valued at $6,811,000 after buying an additional 7,507 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its holdings in shares of Orix Corp Ads by 14.7% during the 2nd quarter. Wetherby Asset Management Inc. now owns 9,507 shares of the real estate investment trust’s stock valued at $741,000 after buying an additional 1,217 shares in the last quarter. 1.86% of the stock is currently owned by hedge funds and other institutional investors.

About Orix Corp Ads

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