Shares of Navigator Holdings Ltd. (NYSE:NVGS) have earned an average rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $13.33.
A number of equities research analysts have issued reports on NVGS shares. Zacks Investment Research lowered shares of Navigator Holdings from a “buy” rating to a “hold” rating in a report on Saturday, July 15th. Morgan Stanley increased their price objective on shares of Navigator Holdings from $7.50 to $8.00 and gave the company an “underweight” rating in a report on Monday, July 17th. Maxim Group set a $17.00 price objective on shares of Navigator Holdings and gave the company a “buy” rating in a report on Thursday, May 4th. BidaskClub raised shares of Navigator Holdings from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $15.00 target price (down from $18.00) on shares of Navigator Holdings in a report on Saturday, July 22nd.
Hedge funds have recently added to or reduced their stakes in the company. 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 during the period. 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 during 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 during 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 during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Navigator Holdings during the first quarter valued at $3,339,000. Institutional investors and hedge funds own 69.01% of the company’s stock.
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Shares of Navigator Holdings (NYSE:NVGS) opened at 10.00 on Friday. Navigator Holdings has a 12 month low of $6.47 and a 12 month high of $14.75. The firm’s 50-day moving average is $9.76 and its 200 day moving average is $10.69. The company has a market capitalization of $555.31 million, a PE ratio of 29.41 and a beta of 1.10.
Navigator Holdings (NYSE:NVGS) last released its earnings results on Monday, August 7th. The shipping company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.02. Navigator Holdings had a return on equity of 2.28% and a net margin of 6.44%. The firm had revenue of $74.40 million for the quarter, compared to the consensus estimate of $62.41 million. During the same quarter in the previous year, the business posted $0.20 EPS. Navigator Holdings’s revenue was up 2.6% on a year-over-year basis. Equities research analysts predict that Navigator Holdings will post $0.34 EPS for the current year.
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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