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
On 5/10/24, Noah Holdings Limited (NYSE: NOAH) stock declined by -2.4%, closing at $14.21. However, below average trading volume at 78% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months but has risen 8.6% 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). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Noah Holdings Limited has a good Appreciation Score of 82 but a slightly negative Power Rating of 38, triggering the High Neutral Value Trend Rating.
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