Navigator Holdings Ltd. (NVGS) Given Average Recommendation of “Buy” by Analysts
Shares of Navigator Holdings Ltd. (NYSE:NVGS) have been assigned a consensus rating of “Buy” from the nine analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $14.00.
A number of equities analysts have commented on NVGS shares. Maxim Group set a $17.00 price objective on Navigator Holdings and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Stifel Nicolaus restated a “buy” rating and set a $16.00 price objective on shares of Navigator Holdings in a research note on Thursday, August 31st. Jefferies Group LLC restated a “buy” rating and set a $15.00 price objective on shares of Navigator Holdings in a research note on Tuesday, August 29th. Zacks Investment Research upgraded Navigator Holdings from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research note on Wednesday, July 12th. Finally, BidaskClub upgraded Navigator Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th.
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Shares of Navigator Holdings (NYSE NVGS) traded down 0.90% during mid-day trading on Friday, reaching $11.05. The company had a trading volume of 115,344 shares. Navigator Holdings has a 12-month low of $6.65 and a 12-month high of $14.75. The firm’s 50 day moving average is $10.49 and its 200-day moving average is $10.60. The stock has a market capitalization of $613.62 million, a P/E ratio of 32.50 and a beta of 1.09.
Navigator Holdings (NYSE:NVGS) last posted its quarterly earnings data on Monday, August 7th. The shipping company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). Navigator Holdings had a return on equity of 2.28% and a net margin of 6.44%. The company had revenue of $74.40 million for the quarter, compared to the consensus estimate of $62.41 million. During the same quarter last year, the business earned $0.20 EPS. Navigator Holdings’s revenue was up 2.6% on a year-over-year basis. On average, analysts expect that Navigator Holdings will post $0.28 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of NVGS. Russell Investments Group Ltd. boosted its holdings in shares of Navigator Holdings by 325.0% in the 1st quarter. Russell Investments Group Ltd. now owns 41,267 shares of the shipping company’s stock valued at $567,000 after purchasing an additional 31,558 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Navigator Holdings by 581.1% in the 1st quarter. Wells Fargo & Company MN now owns 297,081 shares of the shipping company’s stock valued at $4,085,000 after purchasing an additional 253,460 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Navigator Holdings by 6.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 180,500 shares of the shipping company’s stock valued at $2,482,000 after purchasing an additional 11,456 shares in the last quarter. Gabelli Funds LLC boosted its holdings in shares of Navigator Holdings by 4.3% in the 1st quarter. Gabelli Funds LLC now owns 146,000 shares of the shipping company’s stock valued at $2,008,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Navigator Holdings in the 1st quarter valued at $411,000. 67.03% 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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