Shares of Noah Holdings (NYSE:NOAH) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus price objective of $58.00 for the company, according to Zacks. Zacks has also given Noah an industry rank of 218 out of 265 based on the ratings given to related companies.
A number of equities research analysts have weighed in on NOAH shares. Zacks Investment Research cut shares of Noah from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. JPMorgan Chase lifted their price target on shares of Noah from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 10th. Finally, ValuEngine upgraded shares of Noah from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd.
Shares of NOAH traded up $0.96 during trading on Monday, reaching $48.87. 333,578 shares of the company traded hands, compared to its average volume of 293,972. Noah has a twelve month low of $24.63 and a twelve month high of $55.50. The stock has a market cap of $2,709.17, a PE ratio of 24.31 and a beta of 2.57.
Noah (NYSE:NOAH) last announced its quarterly earnings results on Tuesday, March 6th. The asset manager reported $0.42 earnings per share for the quarter. Noah had a net margin of 30.77% and a return on equity of 18.44%. The business had revenue of $110.99 million during the quarter. equities analysts forecast that Noah will post 2.31 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of NOAH. Guggenheim Capital LLC boosted its stake in shares of Noah by 20.5% during the 4th quarter. Guggenheim Capital LLC now owns 10,540 shares of the asset manager’s stock valued at $488,000 after buying an additional 1,790 shares during the last quarter. Wells Fargo & Company MN increased its stake in Noah by 1.2% during the 3rd quarter. Wells Fargo & Company MN now owns 179,841 shares of the asset manager’s stock worth $5,774,000 after acquiring an additional 2,046 shares during the period. SG Americas Securities LLC bought a new position in Noah during the 4th quarter worth $106,000. Dimensional Fund Advisors LP boosted its holdings in shares of Noah by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 272,671 shares of the asset manager’s stock valued at $8,752,000 after purchasing an additional 3,843 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in shares of Noah in the 4th quarter valued at $226,000. Institutional investors own 46.87% of the company’s stock.
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Noah Holdings Limited is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company operates through three segments: wealth management, asset management and Internet finance. It also provides Internet finance services to clients in China.
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