Shares of Noah Holdings Limited (NYSE:NOAH) have been given a consensus rating of “Hold” by the six analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $52.00.
A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Noah from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research lowered shares of Noah from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. Citigroup lowered shares of Noah from a “buy” rating to a “neutral” rating in a research report on Wednesday. Deutsche Bank downgraded Noah from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. downgraded Noah from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $55.00 to $52.00 in a report on Thursday, March 14th.
Large investors have recently modified their holdings of the company. Great West Life Assurance Co. Can grew its holdings in Noah by 1.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 16,000 shares of the asset manager’s stock worth $651,000 after purchasing an additional 300 shares during the period. Bank of New York Mellon Corp lifted its position in Noah by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 33,994 shares of the asset manager’s stock valued at $1,473,000 after purchasing an additional 500 shares during the period. Advisors Asset Management Inc. lifted its position in Noah by 24.0% during the fourth quarter. Advisors Asset Management Inc. now owns 3,725 shares of the asset manager’s stock valued at $161,000 after purchasing an additional 722 shares during the period. SG Americas Securities LLC raised its position in Noah by 18.1% in the fourth quarter. SG Americas Securities LLC now owns 6,419 shares of the asset manager’s stock worth $278,000 after acquiring an additional 985 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Noah by 46.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,424 shares of the asset manager’s stock worth $187,000 after acquiring an additional 1,403 shares during the period. Institutional investors and hedge funds own 51.74% of the company’s stock.
NOAH stock traded down $0.35 during midday trading on Wednesday, reaching $53.82. 305 shares of the company were exchanged, compared to its average volume of 292,399. The company has a current ratio of 3.21, a quick ratio of 3.77 and a debt-to-equity ratio of 0.02. Noah has a 1-year low of $34.20 and a 1-year high of $69.56. The stock has a market cap of $2.90 billion, a P/E ratio of 27.74 and a beta of 1.65.
Noah (NYSE:NOAH) last released its quarterly earnings data on Tuesday, March 12th. The asset manager reported $0.37 earnings per share for the quarter. Noah had a net margin of 24.75% and a return on equity of 15.00%. The company had revenue of $119.57 million for the quarter. On average, equities research analysts predict that Noah will post 2.84 earnings per share for the current year.
Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China. The company operates through three segments: Wealth Management, Asset Management, and Other Financial Service.
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