Navigator Holdings Ltd. (NVGS) Receives $14.00 Average PT from Analysts
Shares of Navigator Holdings Ltd. (NYSE:NVGS) have earned an average recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $14.00.
A number of research firms have weighed in on NVGS. Maxim Group set a $17.00 price target on shares of Navigator Holdings and gave the stock a “buy” rating in a research note on Thursday, May 4th. Zacks Investment Research raised shares of Navigator Holdings from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, April 5th. Finally, TheStreet raised shares of Navigator Holdings from a “d+” rating to a “c-” rating in a research note on Wednesday, February 22nd.
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A number of large investors have recently added to or reduced their stakes in NVGS. Bronfman E.L. Rothschild L.P. raised its stake in Navigator Holdings by 14.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,355 shares of the shipping company’s stock worth $156,000 after buying an additional 1,460 shares during the last quarter. Teton Advisors Inc. raised its position in shares of Navigator Holdings by 3.1% in the fourth quarter. Teton Advisors Inc. now owns 134,000 shares of the shipping company’s stock valued at $1,246,000 after buying an additional 4,000 shares in the last quarter. Gabelli Funds LLC raised its position in shares of Navigator Holdings by 4.3% in the first quarter. Gabelli Funds LLC now owns 146,000 shares of the shipping company’s stock valued at $2,008,000 after buying an additional 6,000 shares in the last quarter. Two Sigma Investments LP raised its position in shares of Navigator Holdings by 14.6% in the fourth quarter. Two Sigma Investments LP now owns 58,557 shares of the shipping company’s stock valued at $545,000 after buying an additional 7,443 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of Navigator Holdings during the first quarter valued at $109,000. 68.48% of the stock is owned by institutional investors and hedge funds.
Navigator Holdings (NVGS) traded up 2.10% during midday trading on Tuesday, hitting $7.30. The stock had a trading volume of 223,127 shares. Navigator Holdings has a 12 month low of $6.47 and a 12 month high of $14.75. The stock has a 50 day moving average of $8.74 and a 200 day moving average of $10.87. The stock has a market cap of $405.38 million, a price-to-earnings ratio of 14.60 and a beta of 1.03.
Navigator Holdings (NYSE:NVGS) last announced its earnings results on Monday, May 8th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.02. Navigator Holdings had a net margin of 9.48% and a return on equity of 3.23%. The firm had revenue of $77.30 million for the quarter, compared to analyst estimates of $63.83 million. During the same quarter last year, the business earned $0.35 earnings per share. Navigator Holdings’s revenue was up 1.2% compared to the same quarter last year. Analysts expect that Navigator Holdings will post $0.51 EPS for the current fiscal year.
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. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.
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