How Analysts Feel About Noah Holdings Limited (NOAH) After Reaching 52-Week High?

May 17, 2018 - By Hannah Black

The stock of Noah Holdings Limited (NYSE:NOAH) hit a new 52-week high and has $69.06 target or 4.00 % above today’s $66.40 share price. The 5 months bullish chart indicates low risk for the $3.89B company. The 1-year high was reported on May, 17 by Barchart.com. If the $69.06 price target is reached, the company will be worth $155.72M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.12% or $0.08 during the last trading session, reaching $66.4. About 415,767 shares traded or 29.99% up from the average. Noah Holdings Limited (NYSE:NOAH) has risen 88.63% since May 17, 2017 and is uptrending. It has outperformed by 77.08% the S&P500.

More important recent Noah Holdings Limited (NYSE:NOAH) news were published by: Seekingalpha.com which released: “Noah Holdings: A Rare Opportunity For US Investors” on April 26, 2018, also Prnewswire.com published article titled: “Noah Holdings Limited to Announce First Quarter 2018 Financial Result on Tuesday, May 29, 2018”, Prnewswire.com published: “Noah Holdings Limited Files FY2017 Annual Report On Form 20-F” on April 30, 2018. More interesting news about Noah Holdings Limited (NYSE:NOAH) was released by: Streetinsider.com and their article: “Form 6-K Noah Holdings Ltd For: May 16” with publication date: May 16, 2018.

Noah Holdings Limited, through its subsidiaries, operates as a wealth management service well-known provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China. The company has market cap of $3.89 billion. The Company’s wealth management services and products include fixed income products, such as corporate credit products, real estate credit funds, factoring products, and mezzanine financing products linked to corporate merger and acquisitions and buyouts, and others; private equity products, such as investments in various private equity funds sponsored by domestic and international asset/fund management firms, as well as real estate equity funds and private equity funds of funds; secondary market equity fund products; and insurance products, mutual funds, and other products. It has a 32.86 P/E ratio.

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