Analysts Set Noah Holdings Limited (NYSE:NOAH) Price Target at $52.00

Shares of Noah Holdings Limited (NYSE:NOAH) have been given a consensus rating of “Hold” by the six analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $52.00.

Several equities analysts have issued reports on NOAH shares. Citigroup upgraded shares of Noah from a “neutral” rating to a “buy” rating in a research note on Monday, September 16th. Zacks Investment Research downgraded Noah from a “hold” rating to a “sell” rating in a report on Saturday, November 9th. Finally, ValuEngine raised Noah from a “sell” rating to a “hold” rating in a research report on Friday, November 1st.

Hedge funds have recently added to or reduced their stakes in the stock. Yiheng Capital LLC increased its position in Noah by 13.2% in the 2nd quarter. Yiheng Capital LLC now owns 3,017,020 shares of the asset manager’s stock valued at $128,374,000 after acquiring an additional 351,016 shares during the period. Coronation Fund Managers Ltd. increased its stake in Noah by 30.3% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 1,776,816 shares of the asset manager’s stock valued at $51,883,000 after buying an additional 412,721 shares during the period. Tiger Pacific Capital LP increased its stake in Noah by 14.9% in the 2nd quarter. Tiger Pacific Capital LP now owns 1,770,779 shares of the asset manager’s stock valued at $75,347,000 after buying an additional 229,865 shares during the period. UBS Asset Management Americas Inc. raised its position in Noah by 2.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,667,502 shares of the asset manager’s stock worth $70,952,000 after buying an additional 32,100 shares during the last quarter. Finally, BlackRock Inc. raised its position in Noah by 1.1% during the 2nd quarter. BlackRock Inc. now owns 1,407,566 shares of the asset manager’s stock worth $59,894,000 after buying an additional 15,101 shares during the last quarter. Hedge funds and other institutional investors own 52.03% of the company’s stock.

Shares of NYSE:NOAH traded down $0.45 during trading on Thursday, hitting $28.80. 4,008 shares of the company were exchanged, compared to its average volume of 285,920. The firm’s 50 day moving average price is $29.84 and its 200-day moving average price is $33.21. Noah has a 12-month low of $26.48 and a 12-month high of $60.14. The stock has a market capitalization of $1.79 billion, a P/E ratio of 14.70 and a beta of 1.82.

Noah (NYSE:NOAH) last posted its earnings results on Monday, November 11th. The asset manager reported $0.80 EPS for the quarter. Noah had a net margin of 25.82% and a return on equity of 15.46%. The firm had revenue of $117.80 million for the quarter. As a group, analysts forecast that Noah will post 2.29 EPS for the current fiscal year.

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.

Featured Article: What is a Futures Contract?

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.