Noah Holdings Limited (NOAH) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Noah Holdings Limited (NYSE:NOAH) have been assigned an average rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $52.00.

NOAH has been the subject of several analyst reports. Zacks Investment Research lowered shares of Noah from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. ValuEngine upgraded shares of Noah from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Deutsche Bank lowered shares of Noah from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. lowered shares of Noah from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $55.00 to $52.00 in a report on Thursday, March 14th. Finally, Citigroup lowered shares of Noah from a “buy” rating to a “neutral” rating in a report on Wednesday.

Shares of NYSE:NOAH traded down $0.35 on Wednesday, reaching $53.82. The company’s stock had a trading volume of 305 shares, compared to its average volume of 292,399. Noah has a 52-week low of $34.20 and a 52-week high of $69.56. The stock has a market capitalization of $2.90 billion, a P/E ratio of 27.74 and a beta of 1.65. The company has a quick ratio of 3.77, a current ratio of 3.21 and a debt-to-equity ratio of 0.02.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new stake in shares of Noah in the 3rd quarter valued at about $156,000. Advisors Asset Management Inc. grew its position in Noah by 24.0% during the 4th quarter. Advisors Asset Management Inc. now owns 3,725 shares of the asset manager’s stock worth $161,000 after purchasing an additional 722 shares during the last quarter. Virtu Financial LLC purchased a new stake in Noah during the 1st quarter worth approximately $209,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Noah by 46.4% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,424 shares of the asset manager’s stock worth $187,000 after purchasing an additional 1,403 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Noah during the 4th quarter worth approximately $227,000. Institutional investors own 51.74% 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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