Navigator Holdings Ltd (NVGS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Navigator Holdings Ltd (NYSE:NVGS) have received a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $13.38.

NVGS has been the topic of several research reports. Jefferies Group initiated coverage on shares of Navigator in a research note on Monday, December 18th. They issued a “buy” rating and a $15.00 price objective on the stock. Maxim Group set a $17.00 price objective on shares of Navigator and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of Navigator from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. Finally, BidaskClub lowered shares of Navigator from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st.

Shares of Navigator (NVGS) traded up $0.05 during trading hours on Friday, hitting $10.50. 149,900 shares of the company traded hands, compared to its average volume of 157,308. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77. The stock has a market cap of $583.08, a P/E ratio of 50.00, a PEG ratio of 4.24 and a beta of 1.03. Navigator has a fifty-two week low of $7.00 and a fifty-two week high of $14.75.

Navigator (NYSE:NVGS) last issued its quarterly earnings results on Wednesday, November 8th. The shipping company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.04). The firm had revenue of $70.21 million during the quarter, compared to analysts’ expectations of $59.65 million. Navigator had a net margin of 3.88% and a return on equity of 1.49%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 EPS. sell-side analysts predict that Navigator will post 0.15 EPS for the current year.

Institutional investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC lifted its holdings in shares of Navigator by 3.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 12,111 shares of the shipping company’s stock worth $101,000 after acquiring an additional 455 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Navigator by 62.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,810 shares of the shipping company’s stock worth $106,000 after acquiring an additional 4,910 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Navigator during the 2nd quarter worth about $115,000. HighTower Advisors LLC lifted its holdings in shares of Navigator by 27.9% during the 2nd quarter. HighTower Advisors LLC now owns 27,424 shares of the shipping company’s stock worth $227,000 after acquiring an additional 5,989 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of Navigator during the 2nd quarter worth about $261,000. 69.04% of the stock is owned by hedge funds and other institutional investors.

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Navigator 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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