Alliance Global Partners began coverage on shares of Navigator (NYSE:NVGS – Get Free Report) in a note issued to investors on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $24.00 price target on the shipping company’s stock. Alliance Global Partners’ price target suggests a potential upside of 49.91% from the stock’s previous close.
Several other analysts also recently commented on NVGS. Citigroup began coverage on Navigator in a research note on Wednesday, July 31st. They set a “buy” rating and a $22.00 target price on the stock. Clarkson Capital upgraded Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Thursday, August 22nd. StockNews.com cut shares of Navigator from a “buy” rating to a “hold” rating in a research note on Monday, October 14th. Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Navigator in a report on Thursday, August 15th. Finally, DNB Markets began coverage on shares of Navigator in a research report on Thursday, September 12th. They set a “buy” rating and a $22.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.60.
Check Out Our Latest Report on NVGS
Navigator Stock Up 1.0 %
Shares of NVGS traded up $0.16 during mid-day trading on Monday, reaching $16.01. The company had a trading volume of 139,937 shares, compared to its average volume of 199,692. Navigator has a 52 week low of $13.72 and a 52 week high of $18.18. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.19. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 14.11 and a beta of 1.49. The firm has a 50-day moving average price of $16.13 and a 200 day moving average price of $16.30.
Navigator (NYSE:NVGS – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $129.55 million for the quarter, compared to analysts’ expectations of $117.92 million. Navigator had a net margin of 14.76% and a return on equity of 7.35%. On average, sell-side analysts forecast that Navigator will post 1.38 EPS for the current year.
Institutional Trading of Navigator
Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in shares of Navigator by 1.7% in the fourth quarter. Wellington Management Group LLP now owns 252,187 shares of the shipping company’s stock worth $3,669,000 after purchasing an additional 4,208 shares in the last quarter. SG Americas Securities LLC raised its holdings in Navigator by 13.5% during the first quarter. SG Americas Securities LLC now owns 29,884 shares of the shipping company’s stock valued at $459,000 after acquiring an additional 3,546 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Navigator by 17.9% in the first quarter. Oppenheimer & Co. Inc. now owns 673,500 shares of the shipping company’s stock valued at $10,338,000 after acquiring an additional 102,224 shares in the last quarter. Tectonic Advisors LLC boosted its stake in shares of Navigator by 21.6% in the first quarter. Tectonic Advisors LLC now owns 57,968 shares of the shipping company’s stock worth $890,000 after acquiring an additional 10,291 shares during the period. Finally, Sei Investments Co. grew its position in shares of Navigator by 88.0% during the first quarter. Sei Investments Co. now owns 33,685 shares of the shipping company’s stock worth $517,000 after purchasing an additional 15,771 shares in the last quarter. Institutional investors own 18.95% of the company’s stock.
Navigator Company Profile
Navigator Holdings Ltd. engages in owning and operating a fleet of liquefied gas carriers worldwide. It provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also offers ship shore infrastructure and consultancy services.
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