Noah - NOAH Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Noah in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NOAH shares.
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4 equities research analysts have issued 12-month price objectives for Noah's shares. Their NOAH share price forecasts range from $22.00 to $56.25. On average, they anticipate the company's share price to reach $35.94 in the next twelve months. This suggests a possible upside of 157.6% from the stock's current price.
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Noah's stock was trading at $30.69 at the beginning of the year. Since then, NOAH shares have decreased by 54.5% and is now trading at $13.95.
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Noah saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 885,600 shares, an increase of 35.2% from the July 31st total of 655,100 shares. Based on an average trading volume of 291,300 shares, the short-interest ratio is currently 3.0 days. Approximately 1.5% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 22nd 2022.
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Noah Holdings Limited (NYSE:NOAH) issued its earnings results on Monday, November, 16th. The asset manager reported $0.41 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.41. The asset manager had revenue of $82.60 million for the quarter, compared to analysts' expectations of $62.90 million. Noah had a trailing twelve-month return on equity of 14.89% and a net margin of 32.51%. During the same quarter last year, the business posted $0.34 earnings per share.

Noah announced that its Board of Directors has initiated a stock buyback plan on Monday, November 30th 2020, which permits the company to repurchase $0.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's leadership 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 a number of institutional and retail investors. Top institutional investors include Platinum Investment Management Ltd. (3.53%), Franklin Resources Inc. (0.64%), Artisan Partners Limited Partnership (0.55%), State Street Corp (0.35%), Bridgewater Associates LP (0.30%) and Prescott Group Capital Management L.L.C. (0.27%).

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 $13.95.

Noah (NYSE:NOAH) has a market capitalization of $839.23 million and generates $673.68 million in revenue each year. The asset manager earns $206.21 million in net income (profit) each year or $2.76 on an earnings per share basis.

The company 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.