Noah (NYSE:NOAH) Announces Quarterly Earnings Results

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

Noah Stock Up 0.8 %

Shares of NYSE NOAH traded up $0.09 during midday trading on Tuesday, hitting $11.25. The company had a trading volume of 140,629 shares, compared to its average volume of 185,068. The business has a 50-day simple moving average of $11.05 and a two-hundred day simple moving average of $11.45. Noah has a twelve month low of $7.14 and a twelve month high of $15.44. The firm has a market capitalization of $742.21 million, a price-to-earnings ratio of 9.62 and a beta of 0.71.

Analyst Upgrades and Downgrades

NOAH has been the topic of several analyst reports. Morgan Stanley cut shares of Noah from an “overweight” rating to an “equal weight” rating and set a $13.00 target price on the stock. in a report on Friday, November 29th. StockNews.com lowered shares of Noah from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $12.00 target price (up from $10.50) on shares of Noah in a research note 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.