Noah (NYSE:NOAH) Posts Quarterly Earnings Results

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

Noah Trading Up 0.8 %

Shares of NYSE:NOAH opened at $11.25 on Wednesday. Noah has a twelve month low of $7.14 and a twelve month high of $15.44. The company’s 50 day moving average is $11.07 and its 200 day moving average is $11.47. The company has a market cap of $742.21 million, a PE ratio of 9.62 and a beta of 0.71.

Analyst Ratings Changes

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

About Noah

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.