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 -0.08% on 4/8/24. The stock closed at $13.05. However, exceptionally low trading volume at 40% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months but has risen 14.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NOAH is expected to continue to be a modest Value Builder.
Noah Holdings Limited has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Noah Holdings Limited has a very high Appreciation Score of 91 but a slightly negative Power Rating of 31, producing the High Neutral Value Trend Rating.
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