Noah (NYSE:NOAH) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Noah (NYSE:NOAH – Get Rating) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Noah from a strong sell rating to a hold rating and set a $30.00 target price for the company in a research note on Saturday, March 19th. Bank of America decreased their target price on shares of Noah from $51.50 to $35.00 and set a buy rating for the company in a research note on Wednesday, March 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Noah presently has a consensus rating of Buy and a consensus price target of $45.81.

Shares of NYSE NOAH opened at $16.09 on Tuesday. Noah has a fifty-two week low of $15.06 and a fifty-two week high of $49.88. The company has a 50 day simple moving average of $21.70 and a two-hundred day simple moving average of $29.42. The company has a market capitalization of $967.96 million, a price-to-earnings ratio of 5.98, a P/E/G ratio of 0.48 and a beta of 1.34.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP bought a new stake in shares of Noah during the first quarter valued at approximately $49,000. PNC Financial Services Group Inc. increased its position in shares of Noah by 23.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,200 shares of the asset manager’s stock valued at $44,000 after acquiring an additional 230 shares in the last quarter. Signaturefd LLC boosted its holdings in Noah by 205.8% in the first quarter. Signaturefd LLC now owns 2,012 shares of the asset manager’s stock worth $47,000 after purchasing an additional 1,354 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Noah by 141.9% in the first quarter. Quadrant Capital Group LLC now owns 2,044 shares of the asset manager’s stock worth $48,000 after purchasing an additional 1,199 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Noah by 6.9% in the third quarter. US Bancorp DE now owns 3,895 shares of the asset manager’s stock worth $145,000 after purchasing an additional 251 shares during the last quarter. 64.19% of the stock is owned by institutional investors.

Noah Company Profile (Get Rating)

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.

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