Brokerages Set Noah Holdings Limited (NOAH) PT at $53.50

Noah Holdings Limited (NYSE:NOAH) has earned an average rating of “Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $53.50.

A number of research firms have issued reports on NOAH. Nomura upgraded Noah from a “neutral” rating to a “buy” rating in a report on Thursday, July 19th. Deutsche Bank began coverage on Noah in a report on Wednesday. They set a “buy” rating for the company. ValuEngine cut Noah from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Finally, Zacks Investment Research upgraded Noah from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Tuesday, September 4th.

Several institutional investors have recently bought and sold shares of NOAH. Atria Investments LLC acquired a new position in shares of Noah during the 1st quarter worth about $259,000. SG Americas Securities LLC boosted its stake in shares of Noah by 52.0% during the 1st quarter. SG Americas Securities LLC now owns 3,495 shares of the asset manager’s stock worth $165,000 after buying an additional 1,195 shares during the last quarter. Pendal Group Ltd acquired a new position in shares of Noah during the 1st quarter worth about $1,946,000. Northern Trust Corp boosted its stake in shares of Noah by 1.3% during the 1st quarter. Northern Trust Corp now owns 114,239 shares of the asset manager’s stock worth $5,392,000 after buying an additional 1,452 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Noah by 7.8% during the 1st quarter. BlackRock Inc. now owns 464,783 shares of the asset manager’s stock worth $21,943,000 after buying an additional 33,517 shares during the last quarter. Institutional investors own 48.53% of the company’s stock.

Shares of NOAH traded down $0.09 during trading hours on Wednesday, reaching $39.47. The stock had a trading volume of 393,745 shares, compared to its average volume of 382,095. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.06. Noah has a 52 week low of $28.02 and a 52 week high of $69.56. The stock has a market cap of $2.19 billion, a P/E ratio of 19.64 and a beta of 2.15.

About Noah

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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