Navigators Group Stock Rating Upgraded by Zacks (NAVG)
Navigators Group (NASDAQ:NAVG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday, Analyst Ratings News reports. The firm currently has a $65.00 price objective on the stock. Zacks‘ price objective points to a potential upside of 16.99% from the company’s current price.
Shares of Navigators Group (NASDAQ:NAVG) traded down 2.22% on Wednesday, hitting $54.325. 22,254 shares of the company’s stock traded hands. Navigators Group has a 1-year low of $49.56 and a 1-year high of $62.02. The stock’s 50-day moving average is $56.51 and its 200-day moving average is $57.89. The company has a market cap of $767.8 million and a price-to-earnings ratio of 11.64.
Navigators Group (NASDAQ:NAVG) last released its earnings data on Wednesday, August 7th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.78 by $0.04. The company had revenue of $22.50 million for the quarter, compared to the consensus estimate of $222.78 million. During the same quarter last year, the company posted $0.88 earnings per share. Navigators Group’s revenue was up 3.1% compared to the same quarter last year. Analysts expect that Navigators Group will post $3.18 EPS for the current fiscal year.
NAVG has been the subject of a number of other recent research reports. Analysts at Sandler O’Neill cut their price target on shares of Navigators Group from $61.00 to $59.00 in a research note to investors on Friday, August 9th. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Navigators Group from $57.00 to $59.00 in a research note to investors on Friday, August 9th. Finally, analysts at FBR Capital Markets raised their price target on shares of Navigators Group from $53.00 to $58.00 in a research note to investors on Thursday, July 18th. They now have a “market perform” rating on the stock.
The Navigators Group, Inc is an international insurance company focusing on specialty products within the overall property casualty insurance market.
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