Navigator Holdings Ltd. (NVGS) Upgraded to Hold by Zacks Investment Research
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. “
NVGS has been the subject of a number of other reports. Morgan Stanley downgraded Navigator Holdings from an equal weight rating to an underweight rating and cut their target price for the stock from $14.50 to $7.00 in a research note on Thursday, August 25th. Jefferies Group reissued a buy rating on shares of Navigator Holdings in a research note on Tuesday, August 23rd. Clarkson Capital reissued a buy rating on shares of Navigator Holdings in a research note on Tuesday. Finally, Stifel Nicolaus cut their target price on Navigator Holdings from $25.00 to $18.00 and set a buy rating for the company in a research note on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $13.33.
Navigator Holdings (NYSE:NVGS) opened at 8.10 on Friday. The company’s 50 day moving average price is $7.32 and its 200-day moving average price is $9.97. The company has a market capitalization of $449.04 million, a P/E ratio of 5.79 and a beta of 1.07. Navigator Holdings has a 52 week low of $6.47 and a 52 week high of $17.67.
Navigator Holdings (NYSE:NVGS) last released its earnings results on Monday, November 7th. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.04. The firm earned $69.74 million during the quarter, compared to analysts’ expectations of $59.82 million. Navigator Holdings had a return on equity of 6.52% and a net margin of 20.45%. Navigator Holdings’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. Equities research analysts expect that Navigator Holdings will post $0.69 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its stake in shares of Navigator Holdings by 40.5% in the third quarter. Tower Research Capital LLC TRC now owns 28,333 shares of the company’s stock worth $204,000 after buying an additional 8,170 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Navigator Holdings by 9.6% in the third quarter. Oppenheimer & Co. Inc. now owns 1,196,187 shares of the company’s stock worth $8,601,000 after buying an additional 104,400 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of Navigator Holdings by 70.0% in the third quarter. OLD National Bancorp IN now owns 119,000 shares of the company’s stock worth $856,000 after buying an additional 48,989 shares during the last quarter. Garrison Bradford & Associates Inc. raised its stake in shares of Navigator Holdings by 15.8% in the third quarter. Garrison Bradford & Associates Inc. now owns 96,350 shares of the company’s stock worth $693,000 after buying an additional 13,150 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Navigator Holdings during the third quarter worth about $403,000. 74.99% of the stock is currently owned by 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.
Receive News & Stock Ratings for Navigator Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navigator Holdings Ltd. and related stocks with our FREE daily email newsletter.