Somewhat Positive Press Coverage Somewhat Unlikely to Affect Noah Holdings (NOAH) Share Price
News stories about Noah Holdings (NYSE:NOAH) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Noah Holdings earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 46.2392795636902 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- China millionaires in jeans spur wealth manager push overseas (businessmirror.com.ph)
- Noah Holdings (NOAH) and Gamco Investors (GBL) Head to Head Analysis (americanbankingnews.com)
- Stamps.com (STMP) Receiving Somewhat Positive Press Coverage, Report Shows (overnewsmagazine.com)
- Brokerages Set Brooks Macdonald Group plc (BRK) Price Target at $2217.20 (ismboard.com)
- Chinese Wealth Manager Plans Branches in Australia and Canada (finance.yahoo.com)
Shares of Noah Holdings (NOAH) opened at 31.36 on Monday. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 18.69 and a beta of 2.33. Noah Holdings has a 12 month low of $21.33 and a 12 month high of $33.05. The firm has a 50-day moving average price of $29.66 and a 200 day moving average price of $26.89.
Noah Holdings announced that its Board of Directors has approved a stock buyback plan on Thursday, June 29th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
Several brokerages recently issued reports on NOAH. BidaskClub upgraded Noah Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research cut Noah Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, ValuEngine cut Noah Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.
COPYRIGHT VIOLATION NOTICE: This story was first published by Daily Political and is owned by of Daily Political. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.dailypolitical.com/2017/08/07/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-noah-holdings-noah-share-price.html.
About Noah Holdings
Noah Holdings Limited is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company operates through three segments: wealth management, asset management and Internet finance. It also provides Internet finance services to clients in China.
Receive News & Ratings for Noah Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noah Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.