Navigator Holdings Ltd. (NVGS) Raised to Hold at Zacks Investment Research
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. “
Other analysts have also recently issued reports about the stock. Jefferies Group reissued a buy rating on shares of Navigator Holdings in a report on Tuesday, August 23rd. Stifel Nicolaus dropped their price objective on shares of Navigator Holdings from $25.00 to $18.00 and set a buy rating on the stock in a report on Friday, July 22nd. Finally, Morgan Stanley cut shares of Navigator Holdings from an equal weight rating to an underweight rating and dropped their price objective for the stock from $14.50 to $7.00 in a report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $13.33.
Navigator Holdings (NYSE:NVGS) opened at 7.19 on Wednesday. The firm has a market cap of $398.59 million, a PE ratio of 5.14 and a beta of 1.15. Navigator Holdings has a 12 month low of $6.47 and a 12 month high of $17.67. The firm’s 50-day moving average is $7.39 and its 200-day moving average is $11.76.
Navigator Holdings (NYSE:NVGS) last issued its earnings results on Monday, August 8th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.04. The business had revenue of $72.54 million for the quarter, compared to analyst estimates of $70.75 million. Navigator Holdings had a return on equity of 8.42% and a net margin of 25.18%. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same period last year, the company posted $0.49 earnings per share. Equities analysts expect that Navigator Holdings will post $0.82 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in NVGS. Gagnon Securities LLC raised its position in shares of Navigator Holdings by 45.3% in the second quarter. Gagnon Securities LLC now owns 558,095 shares of the company’s stock worth $6,418,000 after buying an additional 174,061 shares in the last quarter. A.R.T. Advisors LLC raised its position in shares of Navigator Holdings by 107.1% in the second quarter. A.R.T. Advisors LLC now owns 33,833 shares of the company’s stock worth $389,000 after buying an additional 17,500 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of Navigator Holdings during the second quarter worth about $142,000. Raymond James & Associates bought a new position in shares of Navigator Holdings during the second quarter worth about $656,000. Finally, Baird Financial Group Inc. raised its position in shares of Navigator Holdings by 1.9% in the second quarter. Baird Financial Group Inc. now owns 195,288 shares of the company’s stock worth $2,246,000 after buying an additional 3,723 shares in the last quarter. 74.81% of the stock is currently 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. The Company’s fleet consists of over 40 vessels, including eight newbuilding vessels.
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