Navigator Holdings Ltd. (NVGS) Downgraded to Strong Sell at Zacks Investment Research
Navigator Holdings Ltd. (NYSE:NVGS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Navigator Holdings Ltd. provides international seaborne transportation and regional distribution services of liquefied petroleum gas, petrochemical gases and ammonia for energy companies, industrial users and commodity traders. Navigator Holdings Ltd. is based in London, the United Kingdom. “
A number of other research analysts have also commented on the company. Jefferies Group reissued a “buy” rating on shares of Navigator Holdings in a report on Monday, September 12th. Morgan Stanley lowered Navigator Holdings from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $14.50 to $7.00 in a report on Thursday, August 25th. Finally, Stifel Nicolaus lowered their price target on Navigator Holdings from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, July 22nd. Three analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $13.33.
Navigator Holdings (NYSE:NVGS) opened at 7.25 on Wednesday. Navigator Holdings has a 12-month low of $6.47 and a 12-month high of $17.67. The stock has a market capitalization of $401.92 million, a price-to-earnings ratio of 5.18 and a beta of 1.15. The firm has a 50-day moving average of $7.15 and a 200-day moving average of $11.26.
Navigator Holdings (NYSE:NVGS) last issued its earnings results on Monday, August 8th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Navigator Holdings had a return on equity of 8.42% and a net margin of 25.18%. The company earned $72.54 million during the quarter, compared to analyst estimates of $70.75 million. During the same period in the prior year, the business earned $0.49 earnings per share. Navigator Holdings’s quarterly revenue was down 13.8% on a year-over-year basis. Equities research analysts forecast that Navigator Holdings will post $0.82 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Huntington Asset Advisors Inc. purchased a new position in Navigator Holdings during the first quarter worth about $123,000. Acadian Asset Management LLC raised its position in Navigator Holdings by 357.9% in the second quarter. Acadian Asset Management LLC now owns 10,778 shares of the company’s stock worth $124,000 after buying an additional 8,424 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new position in Navigator Holdings during the second quarter worth about $138,000. Stevens Capital Management LP purchased a new position in Navigator Holdings during the second quarter worth about $142,000. Finally, HBK Investments L P purchased a new position in Navigator Holdings during the first quarter worth about $252,000. 74.81% 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. The Company’s fleet consists of over 40 vessels, including eight newbuilding vessels.
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