Noah Holdings Limited (NYSE:NOAH) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus price objective of $52.00 for the company, according to Zacks. Zacks has also assigned Noah an industry rank of 197 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded Noah from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a report on Thursday, November 23rd.
Shares of Noah stock traded up $3.53 during trading hours on Tuesday, hitting $49.70. The stock had a trading volume of 395,115 shares, compared to its average volume of 258,761. The firm has a market cap of $2,679.20, a P/E ratio of 24.33 and a beta of 2.52. Noah has a one year low of $24.63 and a one year high of $55.50.
Noah (NYSE:NOAH) last released its earnings results on Tuesday, March 6th. The asset manager reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $110.99 million during the quarter. Noah had a return on equity of 18.44% and a net margin of 30.77%. analysts anticipate that Noah will post 2.13 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NOAH. Franklin Resources Inc. lifted its holdings in shares of Noah by 245.3% in the fourth quarter. Franklin Resources Inc. now owns 838,854 shares of the asset manager’s stock valued at $38,822,000 after purchasing an additional 595,920 shares in the last quarter. Coronation Fund Managers Ltd. lifted its holdings in shares of Noah by 41.5% in the fourth quarter. Coronation Fund Managers Ltd. now owns 1,783,478 shares of the asset manager’s stock valued at $82,539,000 after purchasing an additional 522,800 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Noah by 104.2% in the third quarter. Janus Henderson Group PLC now owns 502,614 shares of the asset manager’s stock valued at $16,130,000 after purchasing an additional 256,489 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Noah in the fourth quarter valued at $11,324,000. Finally, Flowering Tree Investment Management Pte. Ltd. lifted its holdings in shares of Noah by 215.6% in the fourth quarter. Flowering Tree Investment Management Pte. Ltd. now owns 316,917 shares of the asset manager’s stock valued at $14,667,000 after purchasing an additional 216,504 shares in the last quarter. 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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