Maxim Group Begins Coverage on Navigator Holdings Ltd. (NVGS)
Investment analysts at Maxim Group initiated coverage on shares of Navigator Holdings Ltd. (NYSE:NVGS) in a report released on Tuesday. The brokerage set a “buy” rating on the stock.
A number of other equities research analysts have also weighed in on NVGS. Jefferies Group set a $15.00 price target on shares of Navigator Holdings and gave the company a “buy” rating in a report on Wednesday, July 27th. Morgan Stanley lowered shares of Navigator Holdings from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $14.50 to $7.00 in a report on Thursday, August 25th. Zacks Investment Research raised shares of Navigator Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 28th. Finally, Clarkson Capital reissued a “buy” rating on shares of Navigator Holdings in a report on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $13.33.
Shares of Navigator Holdings (NYSE:NVGS) opened at 8.25 on Tuesday. Navigator Holdings has a one year low of $6.47 and a one year high of $17.67. The stock has a 50 day moving average of $7.51 and a 200-day moving average of $9.59. The stock has a market capitalization of $457.36 million, a PE ratio of 5.89 and a beta of 1.07.
Navigator Holdings (NYSE:NVGS) last released its quarterly earnings results on Monday, November 7th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.04. The business earned $69.74 million during the quarter, compared to analyst estimates of $59.82 million. Navigator Holdings had a net margin of 20.45% and a return on equity of 6.52%. The business’s revenue was down 10.8% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. Equities analysts predict that Navigator Holdings will post $0.74 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of NVGS. Baird Financial Group Inc. increased its position in Navigator Holdings by 1.9% in the second quarter. Baird Financial Group Inc. now owns 195,288 shares of the company’s stock worth $2,246,000 after buying an additional 3,723 shares during the last quarter. Tower Research Capital LLC TRC increased its position in 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. Acadian Asset Management LLC increased 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 acquired a new position in Navigator Holdings during the second quarter worth about $138,000. Finally, Trexquant Investment LP increased its position in Navigator Holdings by 21.9% in the second quarter. Trexquant Investment LP now owns 67,100 shares of the company’s stock worth $772,000 after buying an additional 12,061 shares during the last quarter. Institutional investors own 70.03% of the company’s stock.
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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