Zacks: Brokerages Set $33.00 Price Target for Noah Holdings Ltd. (NOAH)

Noah Holdings Ltd. (NYSE:NOAH) has earned 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 recommendation.

Analysts have set a 1 year consensus target price of $33.00 for the company, according to Zacks. Zacks has also given Noah Holdings an industry rank of 50 out of 265 based on the ratings given to related companies.

NOAH has been the topic of several research analyst reports. BidaskClub upgraded shares of Noah Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Noah Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 31st.

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. acquired a new stake in shares of Noah Holdings during the 2nd quarter valued at $158,000. APG Asset Management N.V. acquired a new stake in shares of Noah Holdings in the 3rd quarter valued at $249,000. Aperio Group LLC acquired a new stake in shares of Noah Holdings in the 2nd quarter valued at $239,000. Airain ltd acquired a new stake in shares of Noah Holdings in the 2nd quarter valued at $245,000. Finally, Pictet Asset Management Ltd. acquired a new stake in shares of Noah Holdings in the 3rd quarter valued at $324,000. 43.42% of the stock is owned by institutional investors.

Noah Holdings (NYSE NOAH) opened at $44.19 on Tuesday. Noah Holdings has a 52-week low of $21.33 and a 52-week high of $45.64. The firm has a market cap of $2,450.00, a P/E ratio of 25.13 and a beta of 2.61.

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Noah Holdings Company Profile

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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