Noah Holdings Limited (NYSE:NOAH) Given Consensus Rating of “Buy” by Brokerages

Noah Holdings Limited (NYSE:NOAHGet Rating) has received an average recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $49.76.

Several equities research analysts recently commented on the company. StockNews.com cut Noah from a “buy” rating to a “hold” rating in a research note on Wednesday, May 18th. Zacks Investment Research cut Noah from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. Finally, Bank of America decreased their target price on Noah from $51.50 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 16th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP boosted its position in shares of Noah by 391.7% in the first quarter. Quantbot Technologies LP now owns 5,900 shares of the asset manager’s stock valued at $138,000 after acquiring an additional 4,700 shares during the period. River & Mercantile Asset Management LLP boosted its position in shares of Noah by 31.2% in the first quarter. River & Mercantile Asset Management LLP now owns 35,710 shares of the asset manager’s stock valued at $840,000 after acquiring an additional 8,500 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Noah by 15.8% in the first quarter. Goldman Sachs Group Inc. now owns 131,981 shares of the asset manager’s stock valued at $3,106,000 after acquiring an additional 17,968 shares during the period. State Street Corp boosted its position in shares of Noah by 0.6% in the first quarter. State Street Corp now owns 540,745 shares of the asset manager’s stock valued at $12,724,000 after acquiring an additional 3,198 shares during the period. Finally, Ethic Inc. bought a new stake in shares of Noah in the first quarter valued at approximately $240,000. 64.19% of the stock is owned by institutional investors.

Shares of NYSE NOAH opened at $18.09 on Thursday. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 0.54 and a beta of 1.34. The business has a 50 day simple moving average of $19.65 and a 200 day simple moving average of $27.17. Noah has a 52 week low of $15.06 and a 52 week high of $49.88.

Noah (NYSE:NOAHGet Rating) last announced its quarterly earnings results on Wednesday, May 11th. The asset manager reported $0.73 EPS for the quarter. The business had revenue of $125.52 million during the quarter. Noah had a return on equity of 15.27% and a net margin of 30.16%. Analysts predict that Noah will post 3.14 EPS for the current fiscal year.

Noah Company Profile (Get Rating)

Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and enterprises in Mainland of China, Hong Kong, and internationally. The company operates through three segments: Wealth Management, Asset Management, and Other Businesses.

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