Noah Holdings Limited (NOAH) Given $52.00 Average Price Target by Analysts

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.

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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.

A number of institutional investors have recently modified their holdings of NOAH. Franklin Resources Inc. grew its holdings in Noah by 245.3% during the 4th quarter. Franklin Resources Inc. now owns 838,854 shares of the asset manager’s stock worth $38,822,000 after acquiring an additional 595,920 shares in the last quarter. Coronation Fund Managers Ltd. boosted its holdings in shares of Noah by 41.5% in the 4th quarter. Coronation Fund Managers Ltd. now owns 1,783,478 shares of the asset manager’s stock valued at $82,539,000 after buying an additional 522,800 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Noah by 104.2% in the 3rd quarter. Janus Henderson Group PLC now owns 502,614 shares of the asset manager’s stock valued at $16,130,000 after buying an additional 256,489 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Noah in the 4th quarter valued at about $11,324,000. Finally, Flowering Tree Investment Management Pte. Ltd. boosted its holdings in shares of Noah by 215.6% in the 4th quarter. Flowering Tree Investment Management Pte. Ltd. now owns 316,917 shares of the asset manager’s stock valued at $14,667,000 after buying an additional 216,504 shares in the last quarter. Institutional investors own 46.87% of the company’s stock.

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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