Navigator Holdings Ltd. (NYSE:NVGS)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Group LLC in a research report issued to clients and investors on Saturday, July 22nd. They currently have a $15.00 target price on the shipping company’s stock, down from their prior target price of $18.00. Jefferies Group LLC’s target price points to a potential upside of 44.23% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Navigator Holdings from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research report on Wednesday, July 12th. BidaskClub raised Navigator Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Maxim Group set a $17.00 price objective on Navigator Holdings and gave the stock a “buy” rating in a research note on Thursday, May 4th. Finally, Morgan Stanley boosted their price objective on Navigator Holdings from $7.50 to $8.00 and gave the stock an “underweight” rating in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.38.
Shares of Navigator Holdings (NVGS) opened at 10.40 on Friday. Navigator Holdings has a one year low of $6.47 and a one year high of $14.75. The firm has a 50-day moving average price of $9.62 and a 200 day moving average price of $10.72. The stock has a market capitalization of $577.52 million, a PE ratio of 30.59 and a beta of 1.10.
Navigator Holdings (NYSE:NVGS) last announced its quarterly earnings data on Monday, August 7th. The shipping company reported $0.04 EPS 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 analysts’ expectations of $62.41 million. Navigator Holdings had a net margin of 6.44% and a return on equity of 2.28%. Navigator Holdings’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. On average, equities analysts expect that Navigator Holdings will post $0.38 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://stocknewstimes.com/2017/08/12/navigator-holdings-ltd-nvgs-earns-buy-rating-from-jefferies-group-llc-updated-updated.html.
Several large investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC increased its stake 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 worth $101,000 after buying an additional 455 shares during the period. 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. Phoenix Investment Adviser LLC raised its stake in Navigator Holdings by 2.2% in the second quarter. Phoenix Investment Adviser LLC now owns 129,764 shares of the shipping company’s stock worth $1,077,000 after buying an additional 2,800 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Navigator Holdings by 62.2% in the second quarter. JPMorgan Chase & Co. now owns 12,810 shares of the shipping company’s stock worth $106,000 after buying an additional 4,910 shares during the last quarter. Finally, Gabelli Funds LLC raised its stake in Navigator Holdings by 4.3% in the first quarter. Gabelli Funds LLC now owns 146,000 shares of the shipping company’s stock worth $2,008,000 after buying an additional 6,000 shares during 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.
Receive News & Ratings for Navigator Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navigator Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.
