Navigator Holdings Ltd. (NYSE:NVGS) Given a $17.00 Price Target by Maxim Group Analysts
Navigator Holdings Ltd. (NYSE:NVGS) has been given a $17.00 target price by equities research analysts at Maxim Group in a report released on Tuesday. The firm presently has a “buy” rating on the shipping company’s stock. Maxim Group’s target price would suggest a potential upside of 65.85% from the stock’s previous close.
Several other brokerages have also recently issued reports on NVGS. Jefferies Group LLC restated a “buy” rating and set a $15.00 target price (down from $18.00) on shares of Navigator Holdings in a research report on Saturday, July 22nd. Zacks Investment Research upgraded shares of Navigator Holdings from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Navigator Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Morgan Stanley upped their target price on shares of Navigator Holdings from $7.50 to $8.00 and gave the company an “underweight” rating in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Navigator Holdings currently has an average rating of “Hold” and a consensus target price of $12.38.
Shares of Navigator Holdings (NVGS) traded up 1.95% during midday trading on Tuesday, hitting $10.45. The company had a trading volume of 395,214 shares. The stock has a 50 day moving average price of $8.98 and a 200 day moving average price of $10.78. Navigator Holdings has a 1-year low of $6.47 and a 1-year high of $14.75. The firm has a market capitalization of $580.30 million, a P/E ratio of 20.90 and a beta of 1.10.
Navigator Holdings (NYSE:NVGS) last announced its quarterly earnings results on Monday, August 7th. The shipping company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by $0.02. The company had revenue of $74.40 million during the quarter, compared to analysts’ expectations of $62.41 million. Navigator Holdings had a return on equity of 3.23% and a net margin of 9.48%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS. On average, equities analysts anticipate that Navigator Holdings will post $0.39 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of NVGS. Huntington Asset Advisors Inc. purchased a new stake in Navigator Holdings during the first quarter worth $123,000. JPMorgan Chase & Co. purchased a new stake in Navigator Holdings during the first quarter worth $109,000. Acadian Asset Management LLC raised its stake in Navigator Holdings by 357.9% in the second quarter. Acadian Asset Management LLC now owns 10,778 shares of the shipping company’s stock worth $124,000 after buying an additional 8,424 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in Navigator Holdings by 14.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,355 shares of the shipping company’s stock worth $156,000 after buying an additional 1,460 shares during the period. Finally, K.J. Harrison & Partners Inc purchased a new stake in Navigator Holdings during the second quarter worth $138,000. 68.68% of the stock is currently owned by 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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