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.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on NOAH. StockNews.com upgraded shares of Noah from a "hold" rating to a "buy" rating in a report on Thursday, August 11th. JPMorgan Chase & Co. upgraded shares of Noah from a "neutral" rating to an "overweight" rating and set a $22.00 price objective on the stock in a report on Wednesday, June 22nd.
Noah Trading Down 1.1 %
NYSE:NOAH traded down $0.22 during midday trading on Thursday, hitting $19.03. 981 shares of the company were exchanged, compared to its average volume of 178,934. The company has a fifty day simple moving average of $18.07 and a 200 day simple moving average of $21.25. Noah has a fifty-two week low of $15.06 and a fifty-two week high of $47.92. The company has a market capitalization of $1.14 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 0.59 and a beta of 1.05.