Zacks: Brokerages Set $29.00 Price Target for Noah Holdings Limited (NOAH)
Noah Holdings Limited (NYSE:NOAH) has been given an average broker rating score of 0.00 () from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price objective of $29.00 for the company, according to Zacks. Zacks has also given Noah Holdings Limited an industry rank of 109 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered Noah Holdings Limited from a “buy” rating to a “hold” rating in a research report on Wednesday, January 11th.
A number of institutional investors have recently modified their holdings of NOAH. Two Sigma Investments LP bought a new position in shares of Noah Holdings Limited during the fourth quarter worth about $1,345,000. Davis Selected Advisers boosted its position in shares of Noah Holdings Limited by 13.0% in the fourth quarter. Davis Selected Advisers now owns 1,161,444 shares of the company’s stock worth $25,470,000 after buying an additional 134,037 shares during the period. FIL Ltd boosted its position in shares of Noah Holdings Limited by 133.9% in the fourth quarter. FIL Ltd now owns 1,215,091 shares of the company’s stock worth $26,647,000 after buying an additional 695,522 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Noah Holdings Limited during the fourth quarter worth about $1,678,000. Finally, State Street Corp boosted its position in shares of Noah Holdings Limited by 2.5% in the fourth quarter. State Street Corp now owns 225,307 shares of the company’s stock worth $4,942,000 after buying an additional 5,543 shares during the period. Hedge funds and other institutional investors own 39.71% of the company’s stock.
Noah Holdings Limited (NYSE:NOAH) opened at 28.24 on Thursday. Noah Holdings Limited has a 12-month low of $21.33 and a 12-month high of $29.73. The firm has a market cap of $1.60 billion, a P/E ratio of 18.22 and a beta of 2.53. The company has a 50-day moving average price of $25.66 and a 200-day moving average price of $24.71.
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Noah Holdings Limited 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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