Noah (NYSE:NOAH) Releases Earnings Results

Noah (NYSE:NOAH) released its earnings results on Tuesday. The asset manager reported $0.26 earnings per share (EPS) for the quarter, Zacks reports. Noah had a return on equity of 6.43% and a net margin of 23.53%.

Noah Price Performance

Shares of NYSE:NOAH traded up $0.09 on Tuesday, hitting $11.25. The company’s stock had a trading volume of 140,629 shares, compared to its average volume of 86,257. Noah has a 1 year low of $7.14 and a 1 year high of $15.44. The company has a market capitalization of $742.21 million, a PE ratio of 9.62 and a beta of 0.71. The company has a 50-day simple moving average of $11.05 and a 200 day simple moving average of $11.45.

Analysts Set New Price Targets

NOAH has been the subject of a number of recent analyst reports. StockNews.com downgraded Noah from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. Morgan Stanley downgraded shares of Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 target price for the company. in a research note on Friday, November 29th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $12.00 price target (up from $10.50) on shares of Noah in a report on Wednesday, March 5th.

Noah Company Profile

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.