Shares of Noah Holdings Limited (NYSE:NOAH) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers 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 52 out of 265 based on the ratings given to its competitors.
A number of analysts have recently weighed in on NOAH shares. BidaskClub cut shares of Noah from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Zacks Investment Research upgraded shares of Noah from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research note on Thursday, November 23rd.
Shares of Noah (NYSE NOAH) traded up $1.52 during trading on Friday, hitting $52.08. 256,800 shares of the stock were exchanged, compared to its average volume of 242,912. Noah has a twelve month low of $22.38 and a twelve month high of $52.82. The firm has a market capitalization of $2,950.00, a PE ratio of 30.82 and a beta of 2.59.
A number of large investors have recently added to or reduced their stakes in NOAH. Russell Investments Group Ltd. acquired a new position in Noah during the 2nd quarter valued at $158,000. Neuberger Berman Group LLC raised its stake in Noah by 1,070.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 92,429 shares of the asset manager’s stock valued at $2,648,000 after purchasing an additional 84,534 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Noah by 223,587.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 738,169 shares of the asset manager’s stock valued at $21,150,000 after purchasing an additional 737,839 shares during the last quarter. Wells Fargo & Company MN raised its stake in Noah by 3.7% during the 2nd quarter. Wells Fargo & Company MN now owns 177,795 shares of the asset manager’s stock valued at $5,094,000 after purchasing an additional 6,312 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Noah by 10.7% during the 2nd quarter. Northern Trust Corp now owns 111,704 shares of the asset manager’s stock valued at $3,200,000 after purchasing an additional 10,807 shares during the last quarter. Hedge funds and other institutional investors own 46.90% of the company’s stock.
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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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