Shares of Noah Holdings Limited (NYSE:NOAH) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus price target of $52.00 for the company, according to Zacks. Zacks has also given Noah an industry rank of 187 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of Noah from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a report on Thursday, November 23rd.
Noah (NYSE:NOAH) traded down $2.42 during midday trading on Tuesday, hitting $48.21. 204,434 shares of the stock were exchanged, compared to its average volume of 242,413. The company has a market capitalization of $2,847.14, a PE ratio of 25.96 and a beta of 2.52. Noah has a 12-month low of $24.63 and a 12-month high of $55.50.
Noah (NYSE:NOAH) last posted its quarterly earnings results on Tuesday, March 6th. The asset manager reported $0.42 EPS for the quarter. The firm had revenue of $110.99 million for the quarter. Noah had a net margin of 30.77% and a return on equity of 18.44%. sell-side analysts expect that Noah will post 2.13 earnings per share for the current year.
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Noah Company Profile
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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