Citigroup cut shares of ORIX (NYSE:IX) from a buy rating to a neutral rating in a report released on Friday morning, Automated Import reports.

Several other research firms have also commented on IX. Goldman Sachs Group lowered shares of ORIX from a conviction-buy rating to a buy rating in a report on Thursday, April 9th. Zacks Investment Research lowered shares of ORIX from a hold rating to a strong sell rating in a report on Wednesday, June 24th. Finally, ValuEngine raised shares of ORIX from a strong sell rating to a sell rating in a report on Tuesday, June 23rd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $83.00.

Shares of IX opened at $61.72 on Friday. The firm has a 50-day moving average of $64.55 and a 200-day moving average of $71.81. ORIX has a one year low of $52.65 and a one year high of $89.21. The company has a market cap of $15.74 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 2.35 and a beta of 0.92. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.79 and a quick ratio of 1.76.

ORIX (NYSE:IX) last announced its quarterly earnings data on Thursday, May 21st. The real estate investment trust reported $2.13 EPS for the quarter. ORIX had a net margin of 13.28% and a return on equity of 10.00%. The company had revenue of $5.47 billion during the quarter. Analysts expect that ORIX will post 8.94 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IX. JPMorgan Chase & Co. raised its holdings in ORIX by 56.7% during the first quarter. JPMorgan Chase & Co. now owns 478 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 173 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in ORIX during the first quarter worth $29,000. Advisor Group Holdings Inc. acquired a new position in ORIX during the first quarter worth $65,000. Johnson Investment Counsel Inc. acquired a new position in ORIX during the fourth quarter worth $204,000. Finally, Rhumbline Advisers acquired a new position in ORIX during the fourth quarter worth $206,000. Hedge funds and other institutional investors own 1.68% of the company’s stock.

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.

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