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.
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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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