Navigator Holdings Upgraded to “Outperform” by Zacks (NVGS)
Navigator Holdings (NASDAQ:NVGS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday. The firm currently has a $31.10 price target on the stock. Zacks‘s price objective indicates a potential upside of 6.98% from the stock’s previous close.
Navigator Holdings (NASDAQ:NVGS) traded down 0.27% during mid-day trading on Friday, hitting $29.07. The stock had a trading volume of 87,759 shares. Navigator Holdings has a 52-week low of $19.48 and a 52-week high of $60.00. The stock has a 50-day moving average of $28.70 and a 200-day moving average of $25.93. The company has a market cap of $1.608 billion and a P/E ratio of 28.69.
Navigator Holdings (NASDAQ:NVGS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.04.
A number of other firms have also recently commented on NVGS. Analysts at MLV & Co
initiated coverage on shares of Navigator Holdings in a research note on Wednesday, May 28th. They set a “hold” rating and a $28.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Navigator Holdings from $29.00 to $32.00 in a research note on Wednesday, May 28th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Navigator Holdings in a research note on Monday, April 28th. They now have a $24.50 price target on the stock, up previously from $23.50. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $29.66.
Navigator Holdings Ltd. is engaged in owning and operating fleet of handysize liquefied gas carriers.
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