Orix Corp Ads (NYSE:IX) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Orix Corp Ads (NYSE:IX)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.09 and traded as high as $39.78. Orix Corp Ads shares last traded at $38.8310, with a volume of 941,683 shares changing hands.

Analysts Set New Price Targets

Several research firms have issued reports on IX. Weiss Ratings raised Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Zacks Research cut shares of Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Wall Street Zen downgraded Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Orix Corp Ads Stock Up 0.2%

The company has a market capitalization of $43.30 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 0.71 and a beta of 0.88. The firm’s 50 day moving average price is $39.53 and its two-hundred day moving average price is $36.11. The company has a current ratio of 2.15, a quick ratio of 2.07 and a debt-to-equity ratio of 1.20.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings data on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter. Orix Corp Ads had a return on equity of 13.11% and a net margin of 18.02%.The company had revenue of $7.06 billion during the quarter. Sell-side analysts anticipate that Orix Corp Ads will post 5.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orix Corp Ads

A number of institutional investors have recently modified their holdings of the business. Atlas Capital Advisors Inc. bought a new stake in Orix Corp Ads during the fourth quarter worth about $28,000. Kestra Advisory Services LLC acquired a new stake in shares of Orix Corp Ads in the 4th quarter valued at $35,000. V Square Quantitative Management LLC increased its stake in shares of Orix Corp Ads by 40.7% in the 1st quarter. V Square Quantitative Management LLC now owns 1,617 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 468 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Orix Corp Ads by 4,325.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 2,033 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Orix Corp Ads by 56.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,212 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 1,160 shares in the last quarter. Institutional investors own 1.73% of the company’s stock.

About Orix Corp Ads

ORIX Corporation ADS (NYSE: IX) is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX’s ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.