Noah (NYSE:NOAH) Releases Earnings Results

Noah (NYSE:NOAH) issued its 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 Performance

Shares of Noah stock traded up $0.09 on Tuesday, hitting $11.25. The company 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 stock has a 50 day moving average of $11.05 and a 200-day moving average of $11.45. The stock has a market capitalization of $742.21 million, a price-to-earnings ratio of 9.62 and a beta of 0.71.

Wall Street Analysts Forecast Growth

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