Morgan Stanley Boosts Navigator Holdings Ltd. (NYSE:NVGS) Price Target to $8.00

Navigator Holdings Ltd. (NYSE:NVGS) had its target price boosted by Morgan Stanley from $7.50 to $8.00 in a report published on Monday, July 17th. They currently have an underweight rating on the shipping company’s stock.

A number of other brokerages have also issued reports on NVGS. Zacks Investment Research upgraded shares of Navigator Holdings from a hold rating to a buy rating and set a $15.00 target price on the stock in a research report on Wednesday, April 5th. Maxim Group set a $17.00 target price on shares of Navigator Holdings and gave the stock a buy rating in a research report on Thursday, May 4th. Finally, BidaskClub upgraded shares of Navigator Holdings from a sell rating to a hold rating in a research report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $12.38.

Navigator Holdings (NYSE:NVGS) traded up 0.96% during midday trading on Monday, reaching $10.50. The company’s stock had a trading volume of 210,577 shares. Navigator Holdings has a 12 month low of $6.47 and a 12 month high of $14.75. The firm has a market capitalization of $583.08 million, a price-to-earnings ratio of 30.88 and a beta of 1.10. The stock’s 50-day moving average price is $9.70 and its 200-day moving average price is $10.70.

Navigator Holdings (NYSE:NVGS) last announced its quarterly earnings results 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. Navigator Holdings had a net margin of 6.44% and a return on equity of 2.28%. The company had revenue of $74.40 million during the quarter, compared to analyst estimates of $62.41 million. During the same quarter last year, the company posted $0.20 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts predict that Navigator Holdings will post $0.36 EPS for the current year.

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Institutional investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC increased 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 last quarter. JPMorgan Chase & Co. increased its position in shares of Navigator Holdings by 62.2% in the second quarter. JPMorgan Chase & Co. now owns 12,810 shares of the shipping company’s stock valued at $106,000 after buying an additional 4,910 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of Navigator Holdings by 13.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 12,865 shares of the shipping company’s stock valued at $107,000 after buying an additional 1,510 shares during the last quarter. Highbridge Capital Management LLC bought a new position in shares of Navigator Holdings during the fourth quarter valued at approximately $128,000. Finally, Tocqueville Asset Management L.P. bought a new position in shares of Navigator Holdings during the second quarter valued at approximately $208,000. 69.01% of the stock is 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.