Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Noah Holdings Limited (NYSE: NOAH) weakened during the last several trading days. NOAH’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Noah Holdings Limited (NYSE: NOAH) stock declined slightly by -0.9% on 6/21/24. The stock closed at $10.40. This decline was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months but has risen 1.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, NOAH is expected to continue to be a Value Builder.
Noah Holdings Limited has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Noah Holdings Limited has a very high Appreciation Score of 89 but a slightly negative Power Rating of 32, with the High Neutral Value Trend Rating the result.
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