UBS analyst Helen Li lowered the firm’s price target on Noah Holdings (NOAH) to $11.50 from $13.80 and keeps a Neutral rating on the shares. Noah has derated after it announced a significant 43.3% year-over-year decline in net profit in Q4, notes the analyst, who believes the share price correction has been “slightly overdone” given Noah maintained a 100% total payout ratio for two consecutive years, implying an 11% dividend yield. However, the firm also thinks upside risk to the share price appears limited by multiple revenue headwinds, the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOAH:
- Noah Holdings Clarifies Dividend Discrepancies in Annual Results
- Noah Holdings’ Earnings Call: Mixed Sentiments and Strategic Focus
- Noah Holdings Reports 2024 Annual Results Amidst Challenging Market Conditions
- Noah Holdings Reports 2024 Earnings Amid Overseas Growth
- Noah Holdings reports Q4 EPS RMB1.87 vs RMB3.36 last year