Navigator Holdings’ (NVGS) “Buy” Rating Reaffirmed at Stifel Nicolaus
Stifel Nicolaus restated their buy rating on shares of Navigator Holdings Ltd. (NYSE:NVGS) in a report published on Thursday. The brokerage currently has a $16.00 price objective on the shipping company’s stock.
Several other research firms have also recently weighed in on NVGS. Zacks Investment Research cut shares of Navigator Holdings from a hold rating to a sell rating in a report on Tuesday, May 9th. Maxim Group set a $17.00 price target on shares of Navigator Holdings and gave the stock a buy rating in a report on Thursday, May 4th. BidaskClub cut shares of Navigator Holdings from a hold rating to a sell rating in a report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a buy rating and issued a $15.00 price target (down previously from $18.00) on shares of Navigator Holdings in a report on Saturday, July 22nd. 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 report on Monday, July 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $13.10.
Shares of Navigator Holdings (NYSE NVGS) traded down 4.687% during midday trading on Thursday, reaching $10.675. The company had a trading volume of 158,837 shares. The company has a 50 day moving average price of $10.36 and a 200-day moving average price of $10.60. The firm has a market capitalization of $592.79 million, a P/E ratio of 31.397 and a beta of 1.10. Navigator Holdings has a one year low of $6.47 and a one year high of $14.75.
Navigator Holdings (NYSE:NVGS) last released its quarterly earnings results on Monday, August 7th. The shipping company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by $0.02. The firm had revenue of $74.40 million during the quarter, compared to the consensus estimate of $62.41 million. Navigator Holdings had a return on equity of 2.28% and a net margin of 6.44%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. On average, analysts anticipate that Navigator Holdings will post $0.28 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in NVGS. JPMorgan Chase & Co. bought a new position in shares of Navigator Holdings during the first quarter valued at about $109,000. Bronfman E.L. Rothschild L.P. raised its position in shares of 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 valued at $156,000 after buying an additional 1,460 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Navigator Holdings by 3.9% in the second quarter. Parametric Portfolio Associates LLC now owns 12,111 shares of the shipping company’s stock valued at $101,000 after buying an additional 455 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Navigator Holdings during the second quarter valued at about $115,000. Finally, Peapack Gladstone Financial Corp bought a new position in shares of Navigator Holdings during the first quarter valued at about $230,000. Institutional investors own 67.03% 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. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.
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