Noah (NYSE:NOAH - Get Free Report) issued its earnings results on Tuesday. The asset manager reported $0.26 EPS for the quarter, Zacks reports. The firm had revenue of $89.31 million for the quarter, compared to analyst estimates of $102.07 million. Noah had a return on equity of 6.43% and a net margin of 23.53%.
Noah Trading Down 3.2 %
Shares of NYSE NOAH traded down $0.33 during midday trading on Friday, reaching $10.09. The company's stock had a trading volume of 177,136 shares, compared to its average volume of 183,925. The company has a 50 day moving average price of $11.06 and a 200 day moving average price of $11.49. Noah has a one year low of $7.14 and a one year high of $15.44. The company has a market cap of $665.61 million, a price-to-earnings ratio of 8.62 and a beta of 0.71.
Analyst Ratings Changes
A number of brokerages recently issued reports on NOAH. Morgan Stanley lowered shares of Noah from an "overweight" rating to an "equal weight" rating and set a $13.00 price objective for the company. in a report on Friday, November 29th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $12.00 target price (up from $10.50) on shares of Noah in a research report on Wednesday, March 5th. StockNews.com downgraded Noah from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Finally, UBS Group reiterated a "neutral" rating and issued a $11.50 price target on shares of Noah in a report on Friday.
Get Our Latest Report on NOAH
About Noah
(
Get Free Report)
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. It operates through three segments: Wealth Management, Asset Management, and Other Services.
See Also
Before you consider Noah, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Noah wasn't on the list.
While Noah currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
