Navigator Holdings Ltd (NVGS) Receives Consensus Rating of “Hold” from Brokerages
Shares of Navigator Holdings Ltd (NYSE:NVGS) have been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the firm. Two research analysts have rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $14.00.
A number of research firms recently issued reports on NVGS. Maxim Group set a $17.00 target price on Navigator Holdings and gave the stock a “buy” rating in a report on Thursday, May 4th. Zacks Investment Research cut Navigator Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, March 11th. Finally, TheStreet raised Navigator Holdings from a “d+” rating to a “c-” rating in a research note on Wednesday, February 22nd.
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Navigator Holdings (NYSE:NVGS) traded down 4.7295% during midday trading on Friday, hitting $9.1936. 374,653 shares of the company traded hands. Navigator Holdings has a 12-month low of $6.47 and a 12-month high of $15.50. The stock has a market cap of $509.66 million, a P/E ratio of 11.4920 and a beta of 1.25. The stock has a 50 day moving average of $12.86 and a 200 day moving average of $10.87.
Navigator Holdings (NYSE:NVGS) last released its earnings results on Monday, May 8th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $77.30 million for the quarter, compared to analyst estimates of $63.83 million. Navigator Holdings had a return on equity of 6.52% and a net margin of 20.45%. Navigator Holdings’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share. Equities research analysts predict that Navigator Holdings will post $0.51 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the company. Oceanic Investment Management LTD bought a new position in shares of Navigator Holdings during the fourth quarter worth $2,272,000. Paragon Associates & Paragon Associates II Joint Venture boosted its position in shares of Navigator Holdings by 11.9% in the fourth quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 1,175,000 shares of the shipping company’s stock worth $10,928,000 after buying an additional 125,000 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Navigator Holdings during the fourth quarter worth $112,000. Gamco Investors INC. ET AL boosted its position in shares of Navigator Holdings by 27.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 169,044 shares of the shipping company’s stock worth $1,572,000 after buying an additional 36,044 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of Navigator Holdings by 10.2% in the fourth quarter. Gabelli Funds LLC now owns 140,000 shares of the shipping company’s stock worth $1,302,000 after buying an additional 13,000 shares in the last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.
Navigator Holdings Company Profile
Navigator Holdings Ltd. is an owner and operator of a fleet of handysize liquefied gas carriers. The Company provides international and regional seaborne transportation services of liquefied petroleum gas (LPG), petrochemical gases and ammonia. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.
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