Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and enterprises in Mainland of China, Hong Kong, and internationally. The company operates through three segments: Wealth Management, Asset Management, and Other Businesses. It offers investment products, including domestic and overseas publicly-raised and public securities investment funds, privately-raised investment funds, and private equity products; customized value-added financial services, such as investor education and trust services, as well as insurance brokerage services; and insurance products. The company also provides onshore and offshore private equity, real estate, public securities, multi-strategy, and other investment products, as well as lending services. Noah Holdings Limited was founded in 2005 and is headquartered in Shanghai, the People's Republic of China.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on NOAH. JPMorgan Chase & Co. upgraded shares of Noah from a "neutral" rating to an "overweight" rating and set a $22.00 target price for the company in a research note on Wednesday, June 22nd. StockNews.com cut shares of Noah from a "buy" rating to a "hold" rating in a report on Wednesday, August 3rd.
Noah Price Performance
Noah stock traded up $0.81 during mid-day trading on Wednesday, reaching $16.36. The company had a trading volume of 4,809 shares, compared to its average volume of 239,125. Noah has a 1 year low of $15.06 and a 1 year high of $47.92. The company has a market capitalization of $984.20 million, a P/E ratio of 5.88, a P/E/G ratio of 0.50 and a beta of 1.05. The stock's 50-day simple moving average is $17.92 and its 200-day simple moving average is $21.63.
Noah (NYSE:NOAH - Get Rating) last announced its earnings results on Wednesday, May 11th. The asset manager reported $0.73 earnings per share (EPS) for the quarter. Noah had a net margin of 30.16% and a return on equity of 15.27%. The firm had revenue of $125.52 million for the quarter. On average, equities analysts forecast that Noah will post 3.27 EPS for the current fiscal year.