Navigator Holdings Ltd. (NVGS) Upgraded by BidaskClub to Hold
BidaskClub upgraded shares of Navigator Holdings Ltd. (NYSE:NVGS) from a sell rating to a hold rating in a research note published on Saturday.
Other analysts also recently issued reports about the stock. Maxim Group set a $17.00 target price on shares of Navigator Holdings and gave the company a buy rating in a research note on Tuesday, August 8th. Jefferies Group LLC reissued a buy rating and set a $15.00 target price (down from $18.00) on shares of Navigator Holdings in a research note on Saturday, July 22nd. Zacks Investment Research raised shares of Navigator Holdings from a hold rating to a buy rating and set a $9.50 target price on the stock in a research note on Wednesday, July 12th. Finally, Morgan Stanley upped their price target on shares of Navigator Holdings from $7.50 to $8.00 and gave the stock an underweight rating in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $12.38.
Navigator Holdings (NVGS) traded up 0.98% during trading on Friday, reaching $10.35. The company’s stock had a trading volume of 101,558 shares. Navigator Holdings has a 52 week low of $6.47 and a 52 week high of $14.75. The company has a 50 day moving average price of $10.11 and a 200-day moving average price of $10.61. The company has a market capitalization of $574.75 million, a PE ratio of 30.44 and a beta of 1.10.
Navigator Holdings (NYSE:NVGS) last announced its earnings results on Monday, August 7th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.02. Navigator Holdings had a net margin of 6.44% and a return on equity of 2.28%. The firm had revenue of $74.40 million for the quarter, compared to analyst estimates of $62.41 million. During the same period last year, the firm earned $0.20 earnings per share. Navigator Holdings’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that Navigator Holdings will post $0.28 earnings per share for the current year.
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Several institutional investors have recently bought and sold shares of NVGS. Creative Planning bought a new position in Navigator Holdings during the first quarter worth $363,000. Acadian Asset Management LLC bought a new position in Navigator Holdings during the first quarter worth $3,339,000. Russell Investments Group Ltd. increased its position in Navigator Holdings by 325.0% in the first quarter. Russell Investments Group Ltd. now owns 41,267 shares of the shipping company’s stock worth $567,000 after buying an additional 31,558 shares during the period. Wells Fargo & Company MN increased its position in Navigator Holdings by 581.1% in the first quarter. Wells Fargo & Company MN now owns 297,081 shares of the shipping company’s stock worth $4,085,000 after buying an additional 253,460 shares during the period. Finally, HPM Partners LLC bought a new position in Navigator Holdings during the first quarter worth $275,000. 69.01% of the stock is currently owned by institutional investors and hedge funds.
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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