The Navigators Group Lifted to Outperform at Zacks (NAVG)
The Navigators Group (NASDAQ:NAVG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday. The firm currently has a $71.00 price target on the stock. Zacks‘s price target would indicate a potential upside of 9.70% from the stock’s previous close.
Shares of The Navigators Group (NASDAQ:NAVG) traded down 0.37% during mid-day trading on Wednesday, hitting $64.48. The stock had a trading volume of 10,334 shares. The Navigators Group has a 52 week low of $54.28 and a 52 week high of $68.25. The stock has a 50-day moving average of $63.51 and a 200-day moving average of $62.15. The company has a market cap of $919.6 million and a P/E ratio of 11.54.
The Navigators Group (NASDAQ:NAVG) last announced its earnings results on Thursday, August 7th. The company reported $1.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.05 by $0.01. The company had revenue of $231.86 million for the quarter, compared to the consensus estimate of $244.87 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts predict that The Navigators Group will post $4.93 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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