Navigator Holdings Ltd (NVGS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Navigator Holdings Ltd (NYSE:NVGS) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $14.63.

A number of research firms have recently commented on NVGS. BidaskClub cut Navigator from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Zacks Investment Research cut Navigator from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Morgan Stanley upgraded Navigator from an “underweight” rating to an “equal weight” rating and set a $13.00 target price on the stock in a research report on Monday. Maxim Group dropped their target price on Navigator from $17.00 to $14.50 and set a “buy” rating on the stock in a research report on Thursday, November 9th. Finally, Jefferies Group initiated coverage on Navigator in a research report on Monday, December 18th. They set a “buy” rating and a $15.00 target price on the stock.

Several hedge funds have recently added to or reduced their stakes in NVGS. Parametric Portfolio Associates LLC raised its position 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 valued at $101,000 after buying an additional 455 shares during the period. JPMorgan Chase & Co. increased its holdings in Navigator by 62.2% in the 2nd 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 last quarter. Cubist Systematic Strategies LLC acquired a new stake in Navigator in the 2nd quarter valued at approximately $115,000. HighTower Advisors LLC increased its holdings in Navigator by 27.9% in the 2nd 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 last quarter. Finally, Creative Planning increased its holdings in Navigator by 79.1% in the 4th 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 last quarter. 69.77% of the stock is currently owned by hedge funds and other institutional investors.

Navigator (NYSE NVGS) remained flat at $$12.70 during trading hours on Tuesday. 52,085 shares of the stock traded hands, compared to its average volume of 214,383. Navigator has a 1-year low of $7.00 and a 1-year high of $14.75. 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 capitalization of $669.16, a price-to-earnings ratio of 60.48, a PEG ratio of 3.96 and a beta of 1.28.

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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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