Navigators Group Rating Increased to Buy at Thomson Reuters/Verus (NAVG)
Navigators Group (NASDAQ:NAVG) was upgraded by equities researchers at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a research report issued on Monday, Stock Ratings Network.com reports.
Shares of Navigators Group (NASDAQ:NAVG) traded up 1.84% during mid-day trading on Monday, hitting $56.38. 3,370 shares of the company’s stock traded hands. Navigators Group has a 52 week low of $49.56 and a 52 week high of $62.02. The stock has a 50-day moving average of $56.4 and a 200-day moving average of $57.82. The company has a market cap of $796.8 million and a price-to-earnings ratio of 11.60.
Navigators Group (NASDAQ:NAVG) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that Navigators Group will post $3.18 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on NAVG. Analysts at Zacks upgraded shares of Navigators Group from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 9th. They now have a $65.00 price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $60.25.
The Navigators Group, Inc is an international insurance company focusing on specialty products within the overall property casualty insurance market.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.