Noah Holdings Limited (NOAH) Receives $53.09 Consensus PT from Brokerages

Shares of Noah Holdings Limited (NYSE:NOAH) have been given a consensus rating of “Hold” by the six brokerages that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $53.09.

A number of research analysts have commented on the stock. Citigroup cut shares of Noah from a “buy” rating to a “neutral” rating and set a $54.17 price target on the stock. in a research report on Wednesday, April 17th. JPMorgan Chase & Co. cut shares of Noah from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $55.00 to $52.00 in a research report on Thursday, March 14th. Zacks Investment Research cut shares of Noah from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Deutsche Bank cut shares of Noah from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th.

NYSE NOAH traded down $4.82 on Friday, reaching $42.73. 28,583 shares of the company’s stock traded hands, compared to its average volume of 279,636. Noah has a 12 month low of $34.20 and a 12 month high of $69.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.21 and a quick ratio of 3.21. The stock has a market capitalization of $2.60 billion, a P/E ratio of 21.98 and a beta of 1.66.

Noah (NYSE:NOAH) last issued its quarterly earnings results on Tuesday, March 12th. The asset manager reported $0.37 EPS for the quarter. Noah had a net margin of 24.75% and a return on equity of 15.00%. The business had revenue of $119.57 million for the quarter. As a group, equities analysts expect that Noah will post 2.84 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Ward Ferry Management BVI Ltd grew its holdings in shares of Noah by 10.1% in the first quarter. Ward Ferry Management BVI Ltd now owns 2,911,732 shares of the asset manager’s stock worth $141,103,000 after purchasing an additional 266,700 shares during the last quarter. Yiheng Capital LLC grew its holdings in shares of Noah by 31.6% in the fourth quarter. Yiheng Capital LLC now owns 2,558,547 shares of the asset manager’s stock worth $110,836,000 after purchasing an additional 614,035 shares during the last quarter. Tiger Pacific Capital LP grew its holdings in shares of Noah by 11.9% in the fourth quarter. Tiger Pacific Capital LP now owns 1,513,204 shares of the asset manager’s stock worth $65,552,000 after purchasing an additional 161,232 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Noah by 0.4% in the first quarter. BlackRock Inc. now owns 1,392,465 shares of the asset manager’s stock worth $67,479,000 after purchasing an additional 5,952 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Noah by 7.1% in the first quarter. Wellington Management Group LLP now owns 903,943 shares of the asset manager’s stock worth $43,806,000 after purchasing an additional 60,307 shares during the last quarter. Hedge funds and other institutional investors own 52.50% of the company’s stock.

Noah Company Profile

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.

Recommended Story: How can you know how many shares are floating?

Receive News & Ratings for Noah Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noah and related companies with MarketBeat.com's FREE daily email newsletter.