Noah - NOAH Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Noah in the last year. 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 analysts have issued 12 month price targets for Noah's stock. Their NOAH share price forecasts range from $22.00 to $56.25. On average, they predict the company's stock price to reach $37.75 in the next year. This suggests a possible upside of 126.6% 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 shares have decreased by 45.7% and is now trading at $16.66.
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Noah saw a drop in short interest in July. As of July 31st, there was short interest totaling 655,100 shares, a drop of 24.1% from the July 15th total of 862,700 shares. Based on an average daily trading volume, of 314,300 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.1% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 16th 2022.
View our NOAH earnings forecast.

Noah Holdings Limited (NYSE:NOAH) issued its quarterly earnings data on Monday, November, 16th. The asset manager reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The asset manager earned $82.60 million during the quarter, compared to the consensus estimate of $62.90 million. Noah had a trailing twelve-month return on equity of 15.27% and a net margin of 30.16%. During the same period last year, the firm posted $0.34 EPS.

Noah announced that its Board of Directors has initiated a stock buyback program on Monday, November 30th 2020, which allows the company to buyback $0.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually 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 variety of institutional and retail investors. Top institutional shareholders include Russell Investments Group Ltd. (0.20%), California Public Employees Retirement System (0.14%), KBC Group NV (0.06%), Shell Asset Management Co. (0.02%), Envestnet Asset Management Inc. (0.02%) and US Bancorp DE (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 $16.66.

Noah (NYSE:NOAH) has a market capitalization of $1.00 billion 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.

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.