Noah - NOAH Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Noah in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NOAH shares.
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3 Wall Street analysts have issued 1-year price targets for Noah's shares. Their NOAH share price forecasts range from $22.00 to $56.25. On average, they expect the company's share price to reach $37.75 in the next year. This suggests a possible upside of 133.7% from the stock's current price.
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Noah's stock was trading at $30.69 at the start of the year. Since then, NOAH stock has decreased by 47.4% and is now trading at $16.15.
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Noah saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,010,000 shares, an increase of 37.9% from the June 15th total of 732,200 shares. Based on an average daily volume of 327,400 shares, the days-to-cover ratio is presently 3.1 days. Approximately 2.7% of the shares of the stock are short sold.
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Noah is scheduled to release its next quarterly earnings announcement on Tuesday, August 16th 2022.
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Noah Holdings Limited (NYSE:NOAH) released its quarterly earnings data on Wednesday, May, 11th. The asset manager reported $0.73 EPS for the quarter. The asset manager had revenue of $125.52 million for the quarter. Noah had a net margin of 30.16% and a trailing twelve-month return on equity of 15.27%.

Noah declared that its board has initiated a share repurchase plan on Monday, November 30th 2020, which allows the company to buyback $0.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

Based on aggregate information from My MarketBeat watchlists, some companies that other Noah investors own include Baidu (BIDU), Twitter (TWTR), Netflix (NFLX), Vipshop (VIPS), Advanced Micro Devices (AMD), Alibaba Group (BABA), Gilead Sciences (GILD), Micron Technology (MU), QUALCOMM (QCOM) and Tesla (TSLA).

Noah trades on the New York Stock Exchange (NYSE) under the ticker symbol "NOAH."

Noah's stock is owned by many different institutional and retail investors. Top institutional shareholders include Russell Investments Group Ltd. (0.20%), KBC Group NV (0.06%), Envestnet Asset Management Inc. (0.02%), US Bancorp DE (0.00%) and Janiczek Wealth Management LLC (0.00%).

Shares of NOAH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NOAH stock can currently be purchased for approximately $16.15.

Noah (NYSE:NOAH) has a market capitalization of $971.57 million and generates $673.68 million in revenue each year. The asset manager earns $206.21 million in net income (profit) each year or $2.69 on an earnings per share basis.

Noah employs 3,148 workers across the globe.

Noah's mailing address is NO. 1687 CHANGYANG ROAD BUILDING 2, SHANGHAI F4, 200090. The official website for the company is www.noahgroup.com. The asset manager can be reached via phone at 862180359221, via email at ir@noahgroup.com, or via fax at 86-21-8035-9641.