Orix Corp Ads (NYSE:IX) Shares Cross Above 200 Day Moving Average – Should You Sell?

Orix Corp Ads (NYSE:IX) shares crossed 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 traded.

Analysts Set New Price Targets

A number of research firms recently weighed in on IX. Zacks Research downgraded shares of Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Orix Corp Ads presently has a consensus rating of “Moderate Buy”.

Orix Corp Ads Trading Down 2.3%

The company has a market cap of $43.11 billion, a P/E ratio of 10.73, a PEG ratio of 0.72 and a beta of 0.88. The company has a current ratio of 2.15, a quick ratio of 2.07 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average price of $39.55 and a 200-day moving average price of $36.09.

Orix Corp Ads (NYSE:IX) last released its quarterly earnings data on Tuesday, June 30th. The real estate investment trust reported $1.57 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. Analysts forecast that Orix Corp Ads will post 5.52 earnings per share for the current fiscal year.

Institutional Trading of Orix Corp Ads

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of Orix Corp Ads by 0.9% in the first quarter. Bank of America Corp DE now owns 2,893,892 shares of the real estate investment trust’s stock valued at $86,788,000 after purchasing an additional 25,662 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Orix Corp Ads during the 2nd quarter worth about $247,000. Renaissance Technologies LLC acquired a new position in Orix Corp Ads in the 1st quarter valued at about $3,287,000. Ferguson Wellman Capital Management Inc. acquired a new position in Orix Corp Ads in the 1st quarter valued at about $839,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Orix Corp Ads by 75.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 114,400 shares of the real estate investment trust’s stock valued at $3,431,000 after acquiring an additional 49,200 shares during the period. Institutional investors and hedge funds own 1.73% of the company’s stock.

Orix Corp Ads Company Profile

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.