Zacks Investment Research upgraded shares of Navigator Holdings Ltd. (NYSE:NVGS) from a hold rating to a buy rating in a research note released on Wednesday, July 12th. The brokerage currently has $9.50 price target on the shipping company’s stock.
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. BidaskClub upgraded Navigator Holdings from a sell rating to a hold rating in a report on Thursday, July 6th. Maxim Group set a $17.00 target price on Navigator Holdings and gave the stock a buy rating in a report on Thursday, May 4th. Two 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 stock presently has a consensus rating of Hold and an average price target of $12.38.
Shares of Navigator Holdings (NYSE:NVGS) traded up 4.52% during mid-day trading on Wednesday, hitting $10.40. The stock had a trading volume of 162,306 shares. Navigator Holdings has a 1-year low of $6.47 and a 1-year high of $14.75. The firm has a market capitalization of $577.52 million, a PE ratio of 30.59 and a beta of 1.10. The stock’s 50-day moving average is $9.62 and its 200-day moving average is $10.72.
Navigator Holdings (NYSE:NVGS) last issued its earnings results on Monday, August 7th. The shipping company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.02. The business 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 quarter in the previous year, the firm posted $0.20 earnings per share. Equities analysts expect that Navigator Holdings will post $0.38 earnings per share for the current year.
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Large investors have recently added to or reduced their stakes in the stock. First Manhattan Co. increased its stake in Navigator Holdings by 235.7% in the first quarter. First Manhattan Co. now owns 1,125,892 shares of the shipping company’s stock valued at $8,095,000 after buying an additional 790,517 shares in the last quarter. Northern Trust Corp increased its stake in Navigator Holdings by 518.5% in the second quarter. Northern Trust Corp now owns 361,541 shares of the shipping company’s stock valued at $3,001,000 after buying an additional 303,090 shares in the last quarter. Driehaus Capital Management LLC increased its stake in Navigator Holdings by 474.3% in the first quarter. Driehaus Capital Management LLC now owns 312,085 shares of the shipping company’s stock valued at $4,291,000 after buying an additional 257,745 shares in the last quarter. Wells Fargo & Company MN increased its stake 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 valued at $4,085,000 after buying an additional 253,460 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Navigator Holdings during the first quarter valued at approximately $3,339,000. Hedge funds and other institutional investors own 68.68% of the company’s stock.
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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