Deutsche Bank Downgrades Noah (NOAH) to Hold
Deutsche Bank lowered shares of Noah (NYSE:NOAH) from a buy rating to a hold rating in a research note published on Wednesday, The Fly reports.
NOAH has been the subject of several other reports. Zacks Investment Research upgraded Noah from a sell rating to a hold rating in a research report on Tuesday, January 15th. ValuEngine upgraded Noah from a sell rating to a hold rating in a research report on Wednesday, January 2nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $50.50.
Shares of Noah stock opened at $46.39 on Wednesday. The company has a market capitalization of $2.66 billion, a P/E ratio of 23.91 and a beta of 1.68. Noah has a fifty-two week low of $34.20 and a fifty-two week high of $69.56. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 0.04.
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.
Featured Article: Dividend Aristocrat Index
Receive News & Ratings for Noah Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noah and related companies with MarketBeat.com's FREE daily email newsletter.