Noah Holdings Limited (NOAH) Given Average Rating of “Strong Buy” by Brokerages

Noah Holdings Limited (NYSE:NOAH) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus price objective of $58.00 for the company, according to Zacks. Zacks has also given Noah an industry rank of 211 out of 255 based on the ratings given to its competitors.

A number of research firms have commented on NOAH. ValuEngine upgraded shares of Noah from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 2nd. Nomura cut shares of Noah from a “buy” rating to a “neutral” rating in a report on Wednesday, May 30th.

Shares of NOAH traded up $1.14 during trading hours on Thursday, hitting $41.85. 351,800 shares of the stock were exchanged, compared to its average volume of 397,756. Noah has a fifty-two week low of $26.53 and a fifty-two week high of $69.56. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.10. The stock has a market cap of $2.47 billion, a PE ratio of 20.25 and a beta of 2.12.

Noah (NYSE:NOAH) last posted its quarterly earnings results on Tuesday, May 29th. The asset manager reported $0.71 EPS for the quarter. The business had revenue of $132.47 million during the quarter. Noah had a net margin of 27.94% and a return on equity of 18.76%.

A number of large investors have recently bought and sold shares of the business. Guinness Asset Management Ltd grew its holdings in Noah by 1,050.0% in the second quarter. Guinness Asset Management Ltd now owns 2,300 shares of the asset manager’s stock worth $120,000 after purchasing an additional 2,100 shares during the period. Guinness Atkinson Asset Management Inc acquired a new stake in Noah in the second quarter worth $3,092,000. Jane Street Group LLC grew its holdings in Noah by 72.0% in the second quarter. Jane Street Group LLC now owns 15,460 shares of the asset manager’s stock worth $806,000 after purchasing an additional 6,472 shares during the period. Yiheng Capital LLC grew its holdings in Noah by 0.6% in the second quarter. Yiheng Capital LLC now owns 1,609,934 shares of the asset manager’s stock worth $83,958,000 after purchasing an additional 9,050 shares during the period. Finally, Trustees of Princeton University acquired a new stake in Noah in the second quarter worth $1,229,000. Institutional investors and hedge funds own 47.14% 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.

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