The Navigators Group Reaches New 12-Month High at $68.25 (NAVG)
The Navigators Group (NASDAQ:NAVG) hit a new 52-week high on Tuesday , Analyst Ratings Network.com reports. The stock traded as high as $68.25 and last traded at $67.38, with a volume of 30,367 shares changing hands. The stock had previously closed at $67.05.
A number of research firms have recently commented on NAVG. Analysts at Sandler O’Neill upgraded shares of The Navigators Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of The Navigators Group from $61.00 to $67.00 in a research note on Monday, May 12th. Finally, analysts at Zacks downgraded shares of The Navigators Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $69.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The Navigators Group currently has an average rating of “Buy” and an average price target of $64.67.
The stock has a 50-day moving average of $63.71 and a 200-day moving average of $61.23. The company has a market cap of $958.7 million and a P/E ratio of 12.43.
The Navigators Group (NASDAQ:NAVG) last released its earnings data on Wednesday, May 7th. The company reported $1.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.46. The company had revenue of $253.10 million for the quarter, compared to the consensus estimate of $227.93 million. During the same quarter last year, the company posted $0.75 earnings per share. The Navigators Group’s revenue was up 14.3% compared to the same quarter last year. On average, analysts predict that The Navigators Group will post $4.83 earnings per share for the current fiscal year.
The Navigators Group, Inc is an international insurance company focusing on specialty products within the overall property casualty insurance market.
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