ORIX: Consider Capital Recycling Plans And Peer Valuation Discount [Seeking Alpha]
Orix Corp Ads (IX)
US:NYSE Investor Relations:
orix.co.jp/grp/en/ir
Company Research
Source: Seeking Alpha
ORIX Corporation recently announced the sale of a 66% equity interest in ORIX Credit for a gain of JPY57 billion, which is part of the company's capital recycling plans. IX's current undervaluation is justified by its inferior ROE as compared to peers, but the valuation gap is likely to narrow over time as the company meets its ROE targets. Elevator Pitch ORIX Corporation NYSE: IX ) [8591:JP] is rated as a Buy. Earlier, I analyzed ORIX Corporation's most recent third quarter financial results, and drew attention to its ROE target in my February 8, 2024 write-up . This update focuses on IX's Recommended For You Recommended For You About IX Stock More on IX Related Stocks Trending Analysis Trending News
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News
- ORIX Co. (NYSE: IX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
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IX
Sec Filings
- 3/6/24 - Form 6-K
- 2/13/24 - Form 13F-HR
- 2/13/24 - Form 6-K
- IX's page on the SEC website