Noah Holdings Rating Lowered to Neutral at Zacks (NOAH)
Noah Holdings (NASDAQ:NOAH) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday. They currently have a $18.10 price objective on the stock. Zacks‘s price objective points to a potential upside of 14.99% from the company’s current price.
Noah Holdings (NASDAQ:NOAH) opened at 15.74 on Friday. Noah Holdings has a 52 week low of $12.02 and a 52 week high of $25.51. The stock’s 50-day moving average is $14.64 and its 200-day moving average is $14.42. The company has a market cap of $873.1 million and a price-to-earnings ratio of 15.34.
Noah Holdings (NASDAQ:NOAH) last announced its earnings results on Monday, May 12th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.04. The company had revenue of $50.30 million for the quarter, compared to the consensus estimate of $49.93 million. During the same quarter last year, the company posted $0.19 earnings per share. Noah Holdings’s revenue was up 54.3% compared to the same quarter last year. On average, analysts predict that Noah Holdings will post $1.22 earnings per share for the current fiscal year.
Noah Holdings Limited, through its subsidiaries is a service provider focusing on distributing wealth management products to the high net worth population in the People’s Republic of China (NASDAQ:NOAH).
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