Brokerages Set Noah Holdings Limited (NOAH) PT at $52.00
Noah Holdings Limited (NYSE:NOAH) has been given a consensus rating of “Hold” by the six research firms that are presently covering the stock, MarketBeat reports. One 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 1-year target price among brokers that have issued ratings on the stock in the last year is $53.09.
A number of brokerages have weighed in on NOAH. Citigroup lowered shares of Noah from a “buy” rating to a “neutral” rating and set a $54.17 target price on the stock. in a research report on Wednesday. Zacks Investment Research lowered shares of Noah from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. lowered shares of Noah from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $55.00 to $52.00 in a report on Thursday, March 14th. Deutsche Bank lowered shares of Noah from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, ValuEngine upgraded shares of Noah from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.
Shares of Noah stock opened at $53.90 on Wednesday. Noah has a fifty-two week low of $34.20 and a fifty-two week high of $69.56. The company has a current ratio of 3.21, a quick ratio of 3.77 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 27.78 and a beta of 1.65.
Several large investors have recently modified their holdings of NOAH. Macquarie Group Ltd. acquired a new position in shares of Noah during the third quarter worth $156,000. Advisors Asset Management Inc. lifted its holdings in Noah by 24.0% in the fourth quarter. Advisors Asset Management Inc. now owns 3,725 shares of the asset manager’s stock valued at $161,000 after buying an additional 722 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Noah by 46.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,424 shares of the asset manager’s stock valued at $187,000 after buying an additional 1,403 shares during the period. Virtu Financial LLC acquired a new position in Noah in the first quarter valued at $209,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Noah in the fourth quarter valued at $227,000. Institutional investors own 51.74% of the company’s stock.
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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