Orix Corp. (IX) Downgraded by Zacks Investment Research to “Hold”

Orix Corp. (NYSE:IX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” 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. “

Orix Corp. (NYSE:IX) opened at 75.69 on Wednesday. The firm has a market cap of $19.82 billion, a PE ratio of 7.89 and a beta of 1.58. Orix Corp. has a 12 month low of $57.00 and a 12 month high of $77.92. The firm’s 50-day moving average is $72.54 and its 200-day moving average is $70.18.

About Orix Corp.

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