Noah Holdings Limited (NYSE:NOAH) Given Consensus Rating of “Hold” by Analysts

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Noah Holdings Limited (NYSE:NOAH) has earned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $53.09.

A number of equities research analysts have weighed in on NOAH shares. TheStreet downgraded shares of Noah from a “b” rating to a “c+” rating in a report on Tuesday, July 9th. ValuEngine raised shares of Noah from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised shares of Noah from a “neutral” rating to an “overweight” rating and set a $52.00 price objective for the company in a research note on Wednesday, May 29th. Finally, Zacks Investment Research reaffirmed a “hold” rating on shares of Noah in a research note on Saturday, June 29th.

A number of hedge funds have recently bought and sold shares of the business. Yiheng Capital LLC lifted its stake in Noah by 13.2% during the second quarter. Yiheng Capital LLC now owns 3,017,020 shares of the asset manager’s stock valued at $128,374,000 after buying an additional 351,016 shares in the last quarter. Ward Ferry Management BVI Ltd lifted its stake in Noah by 10.1% during the first quarter. Ward Ferry Management BVI Ltd now owns 2,911,732 shares of the asset manager’s stock valued at $141,103,000 after buying an additional 266,700 shares in the last quarter. Tiger Pacific Capital LP lifted its stake in Noah by 14.9% during the second quarter. Tiger Pacific Capital LP now owns 1,770,779 shares of the asset manager’s stock valued at $75,347,000 after buying an additional 229,865 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in Noah by 2.0% during the second quarter. UBS Asset Management Americas Inc. now owns 1,667,502 shares of the asset manager’s stock valued at $70,952,000 after buying an additional 32,100 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Noah by 1.1% during the second quarter. BlackRock Inc. now owns 1,407,566 shares of the asset manager’s stock valued at $59,894,000 after buying an additional 15,101 shares in the last quarter. 54.90% of the stock is owned by institutional investors.

Shares of NYSE NOAH opened at $30.72 on Tuesday. Noah has a twelve month low of $28.17 and a twelve month high of $60.14. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 15.84 and a beta of 1.90. The firm has a 50-day moving average of $32.46 and a two-hundred day moving average of $43.79.

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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