Navigator (NVGS) Lifted to Equal Weight at Morgan Stanley

Navigator (NYSE:NVGS) was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage currently has a $13.00 price objective on the shipping company’s stock. Morgan Stanley’s price objective points to a potential upside of 2.36% from the company’s previous close.

NVGS has been the subject of several other reports. BidaskClub downgraded shares of Navigator from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Maxim Group set a $17.00 price target on shares of Navigator and gave the stock a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Navigator from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Finally, Jefferies Group initiated coverage on shares of Navigator in a report on Monday, December 18th. They set a “buy” rating and a $15.00 price target for the company. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $13.60.

Shares of Navigator (NYSE NVGS) traded up $0.65 during trading hours on Monday, hitting $12.70. 202,347 shares of the stock traded hands, compared to its average volume of 221,055. The firm has a market capitalization of $684.97, a P/E ratio of 60.48, a PEG ratio of 3.96 and a beta of 1.28. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. Navigator has a 52 week low of $7.00 and a 52 week high of $14.75.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC increased its holdings in Navigator by 3.9% in the second quarter. Parametric Portfolio Associates LLC now owns 12,111 shares of the shipping company’s stock valued at $101,000 after purchasing an additional 455 shares during the period. JPMorgan Chase & Co. increased its holdings in Navigator by 62.2% in the second quarter. JPMorgan Chase & Co. now owns 12,810 shares of the shipping company’s stock valued at $106,000 after purchasing an additional 4,910 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Navigator in the second quarter valued at $115,000. HighTower Advisors LLC increased its holdings in Navigator by 27.9% in the second quarter. HighTower Advisors LLC now owns 27,424 shares of the shipping company’s stock valued at $227,000 after purchasing an additional 5,989 shares during the period. Finally, Creative Planning increased its holdings in Navigator by 79.1% in the fourth quarter. Creative Planning now owns 50,931 shares of the shipping company’s stock valued at $502,000 after purchasing an additional 22,500 shares during the period. Institutional investors and hedge funds own 69.77% of the company’s stock.

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About Navigator

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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