Noah Holdings Limited (NYSE:NOAH) Receives $53.09 Consensus Target Price from Brokerages

Shares of Noah Holdings Limited (NYSE:NOAH) have been given an average recommendation of “Hold” by the six research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $52.00.

NOAH has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of Noah from a “neutral” rating to an “overweight” rating and set a $52.00 target price for the company in a research note on Wednesday, May 29th. Zacks Investment Research upgraded shares of Noah from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Citigroup upgraded shares of Noah from a “neutral” rating to a “buy” rating in a research note on Monday, September 16th. TheStreet downgraded shares of Noah from a “b” rating to a “c+” rating in a research note on Tuesday, July 9th. Finally, ValuEngine downgraded shares of Noah from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th.

Several hedge funds have recently made changes to their positions in NOAH. Janus Henderson Group PLC boosted its stake in shares of Noah by 2,302.2% in the second quarter. Janus Henderson Group PLC now owns 444,400 shares of the asset manager’s stock valued at $18,927,000 after purchasing an additional 425,900 shares during the period. Yiheng Capital LLC boosted its stake in Noah by 13.2% during 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 last quarter. Ward Ferry Management BVI Ltd boosted its stake in Noah by 10.1% during the 1st quarter. Ward Ferry Management BVI Ltd now owns 2,911,732 shares of the asset manager’s stock valued at $141,103,000 after acquiring an additional 266,700 shares during the last quarter. Tiger Pacific Capital LP boosted its stake in Noah by 14.9% during 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 acquiring an additional 229,865 shares during the last quarter. Finally, Comgest Global Investors S.A.S. bought a new position in Noah during the 2nd quarter valued at $7,728,000. Institutional investors and hedge funds own 54.26% of the company’s stock.

NOAH traded down $0.29 during trading on Friday, hitting $30.75. 288,965 shares of the company’s stock were exchanged, compared to its average volume of 473,883. Noah has a 1 year low of $28.17 and a 1 year high of $60.14. The stock has a 50 day moving average price of $30.26 and a 200 day moving average price of $40.93. The firm has a market cap of $1.93 billion, a P/E ratio of 15.85 and a beta of 1.97.

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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