Navigator Holdings Ltd. (NVGS) Rating Increased to Hold at Zacks Investment Research
Navigator Holdings Ltd. (NYSE:NVGS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.
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. “
Several other equities research analysts also recently issued reports on NVGS. Clarkson Capital reiterated a “buy” rating on shares of Navigator Holdings in a report on Tuesday. Jefferies Group reiterated a “buy” rating on shares of Navigator Holdings in a report on Monday, September 12th. Stifel Nicolaus cut their price objective on Navigator Holdings from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, July 22nd. Finally, Morgan Stanley downgraded Navigator Holdings from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $14.50 to $7.00 in a report on Thursday, August 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $13.33.
Shares of Navigator Holdings (NYSE:NVGS) opened at 8.10 on Friday. The firm has a market cap of $449.04 million, a P/E ratio of 5.79 and a beta of 1.07. The firm has a 50-day moving average price of $7.32 and a 200 day moving average price of $9.97. Navigator Holdings has a one year low of $6.47 and a one year high of $17.67.
Navigator Holdings (NYSE:NVGS) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. The firm had revenue of $69.74 million for the quarter, compared to the consensus estimate of $59.82 million. Navigator Holdings had a return on equity of 6.52% and a net margin of 20.45%. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. On average, analysts forecast that Navigator Holdings will post $0.69 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. Mad River Investors acquired a new position in Navigator Holdings during the second quarter valued at about $971,000. HBK Investments L P acquired a new position in Navigator Holdings during the first quarter valued at about $252,000. Tower Research Capital LLC TRC boosted its position in Navigator Holdings by 3,260.5% in the second quarter. Tower Research Capital LLC TRC now owns 20,163 shares of the company’s stock valued at $232,000 after buying an additional 19,563 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in Navigator Holdings during the second quarter valued at about $832,000. Finally, LSV Asset Management acquired a new position in Navigator Holdings during the second quarter valued at about $1,922,000. Institutional investors own 74.99% of the company’s stock.
About Navigator Holdings
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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