Shares of Noah Holdings Limited (NYSE: NOAH) have received an average rating of âBuyâ from the seven analysts who cover the company, reports Marketbeat Ratings. One research analyst rated the stock with a sell rating and six gave the company a buy rating. The one-year average price target among analysts who reported on the stock in the past year is $ 56.81.
Several research analysts recently published reports on the company. DBS Vickers provided coverage on Noah in a research note on Tuesday, October 12. They issued a âbuyâ rating and a price target of $ 56.25 for the company. Zacks Investment Research downgraded Noah from a âholdâ rating to a âsellâ rating in a report released Thursday, August 19.
NOAH opened at $ 38.42 on Wednesday. Noah has a twelve month low of $ 25.29 and a twelve month high of $ 52.77. The company has a 50-day simple moving average of $ 37.77 and a 200-day simple moving average of $ 41.42. The stock has a market cap of $ 2.39 billion, a price-to-earnings ratio of -27.25 and a beta of 1.38.
Noah (NYSE: NOAH) last released its quarterly earnings data on Tuesday, August 17. The asset manager reported earnings of $ 0.77 per share for the quarter. The company generated sales of $ 139.30 million in the quarter. Noah had a negative net margin of 13.77% and a positive return on equity of 18.19%. Sell-side analysts predict Noah will post 3.09 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of NOAH. Krane Funds Advisors LLC increased its position in Noah shares by 224.1% in the first quarter. Krane Funds Advisors LLC now owns 807 shares of the asset manager valued at $ 36,000 after purchasing an additional 558 shares in the last quarter. JJJ Advisors Inc. increased its stake in Noah shares by 26.1% in the 3rd quarter. JJJ Advisors Inc. now owns 1,303 shares of the asset manager valued at $ 48,000 after purchasing an additional 270 shares in the last quarter. Marshall Wace LLP purchased a new 1st Quarter equity interest in Noah valued at approximately $ 49,000. FORA Capital LLC purchased a new stake in Noah shares in the second quarter valued at approximately $ 60,000. Finally, Quadrant Capital Group LLC raised its stake in Noah shares by 60.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,539 shares of the asset manager valued at $ 73,000 after purchasing an additional 581 shares in the last quarter. Institutional investors hold 48.21% of the shares of the company.
Noah Holdings Ltd. provides investment advisory and wealth management services. It operates in the following segments: wealth management, asset management and loan services and others. The Wealth Management segment provides global wealth investment and asset allocation services to high net worth individuals and corporate clients in China.
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