Noah Holdings Limited (NYSE:NOAH) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price objective of $60.00 for the company, according to Zacks. Zacks has also given Noah an industry rank of 170 out of 255 based on the ratings given to related companies.

Several brokerages recently issued reports on NOAH. ValuEngine upgraded Noah from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 2nd. Zacks Investment Research raised shares of Noah from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Tuesday, September 4th. Nomura downgraded shares of Noah from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 30th. Finally, Deutsche Bank initiated coverage on shares of Noah in a research report on Wednesday, September 12th. They set a “buy” rating on the stock.

Shares of NYSE:NOAH traded down $0.45 during midday trading on Monday, hitting $39.02. 204,700 shares of the stock were exchanged, compared to its average volume of 397,430. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.06. Noah has a 52-week low of $28.02 and a 52-week high of $69.56. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 19.77 and a beta of 2.15.

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC grew its position in shares of Noah by 52.0% in the first quarter. SG Americas Securities LLC now owns 3,495 shares of the asset manager’s stock valued at $165,000 after purchasing an additional 1,195 shares during the last quarter. Atria Investments LLC grew its position in shares of Noah by 24.1% in the second quarter. Atria Investments LLC now owns 6,803 shares of the asset manager’s stock valued at $355,000 after purchasing an additional 1,320 shares during the last quarter. Northern Trust Corp grew its position in shares of Noah by 1.3% in the first quarter. Northern Trust Corp now owns 114,239 shares of the asset manager’s stock valued at $5,392,000 after purchasing an additional 1,452 shares during the last quarter. Jane Street Group LLC grew its position in shares of Noah by 24.8% in the first quarter. Jane Street Group LLC now owns 8,988 shares of the asset manager’s stock valued at $424,000 after purchasing an additional 1,784 shares during the last quarter. Finally, Guinness Asset Management Ltd grew its position in shares of Noah by 1,050.0% in the second quarter. Guinness Asset Management Ltd now owns 2,300 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 2,100 shares during the last quarter. 48.53% of the stock is currently owned by hedge funds and other institutional investors.

Noah Company Profile

Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China. The company operates through three segments: Wealth Management, Asset Management, and Other Financial Service.

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