Noah (NYSE:NOAH) Stock Rating Lowered by TheStreet

Noah (NYSE:NOAH) was downgraded by stock analysts at TheStreet from a “b” rating to a “c+” rating in a report issued on Tuesday, TheStreetRatingsTable reports.

NOAH has been the subject of several other reports. ValuEngine cut shares of Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. cut shares of Sampo Oyj from an “overweight” rating to a “neutral” rating in a research report on Wednesday, May 29th. Deutsche Bank cut shares of Noah from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Citigroup decreased their price target on shares of UnitedHealth Group from $288.00 to $247.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Finally, Zacks Investment Research restated a “hold” rating on shares of Western New England Bancorp in a research report on Saturday, June 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Noah has an average rating of “Hold” and a consensus target price of $51.72.

NYSE NOAH traded down $0.38 on Tuesday, hitting $33.04. The company’s stock had a trading volume of 678,500 shares, compared to its average volume of 366,366. Noah has a 1-year low of $32.84 and a 1-year high of $60.14. The stock’s 50-day simple moving average is $40.10. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 17.03 and a beta of 1.87.



Noah (NYSE:NOAH) last announced its quarterly earnings results on Thursday, May 16th. The asset manager reported $0.73 earnings per share (EPS) for the quarter. Noah had a net margin of 24.67% and a return on equity of 14.32%. The firm had revenue of $132.60 million during the quarter. On average, equities research analysts expect that Noah will post 2.74 earnings per share for the current year.

Several large investors have recently bought and sold shares of NOAH. BlackRock Inc. boosted its stake in shares of Noah by 7.4% in the 4th quarter. BlackRock Inc. now owns 1,386,513 shares of the asset manager’s stock valued at $60,066,000 after purchasing an additional 95,780 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Noah by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 33,994 shares of the asset manager’s stock valued at $1,473,000 after purchasing an additional 500 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Noah by 1.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 16,000 shares of the asset manager’s stock valued at $651,000 after purchasing an additional 300 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Noah in the 4th quarter valued at $354,000. Finally, Geode Capital Management LLC boosted its stake in shares of Noah by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 55,500 shares of the asset manager’s stock valued at $2,389,000 after purchasing an additional 2,948 shares during the last quarter. 53.91% of the stock is currently owned by institutional investors.

About Noah

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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