Zacks Investment Research upgraded shares of Navigator Holdings Ltd. (NYSE:NVGS) from a hold rating to a buy rating in a research report sent to investors on Wednesday, July 12th. They currently have $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. “
Several other research analysts have also recently weighed in on the stock. 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. BidaskClub upgraded shares of Navigator Holdings from a sell rating to a hold rating in a research note on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Navigator Holdings presently has an average rating of Hold and an average target price of $12.38.
Navigator Holdings (NVGS) traded up 1.707% during midday trading on Wednesday, reaching $10.425. The company had a trading volume of 399,230 shares. The company has a market capitalization of $578.91 million, a PE ratio of 20.850 and a beta of 1.10. The stock has a 50-day moving average price of $8.98 and a 200 day moving average price of $10.78. Navigator Holdings has a 12-month low of $6.47 and a 12-month high of $14.75.
Navigator Holdings (NYSE:NVGS) last issued its earnings results on Monday, August 7th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The company had revenue of $74.40 million during the quarter, compared to analysts’ expectations of $62.41 million. Navigator Holdings had a return on equity of 3.23% and a net margin of 9.48%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 EPS. Equities analysts forecast that Navigator Holdings will post $0.39 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in NVGS. First Manhattan Co. increased its stake in shares of Navigator Holdings by 235.7% in the first quarter. First Manhattan Co. now owns 1,125,892 shares of the shipping company’s stock worth $8,095,000 after buying an additional 790,517 shares in the last quarter. Driehaus Capital Management LLC increased its stake in shares of Navigator Holdings by 474.3% in the first quarter. Driehaus Capital Management LLC now owns 312,085 shares of the shipping company’s stock worth $4,291,000 after buying an additional 257,745 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of 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 in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Navigator Holdings during the first quarter worth about $3,339,000. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Navigator Holdings by 13.8% in the first quarter. Oppenheimer & Co. Inc. now owns 1,638,805 shares of the shipping company’s stock worth $22,533,000 after buying an additional 198,418 shares in the last quarter. 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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