Navigator Holdings Ltd. (NVGS) Cut to Strong Sell 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 equities analysts have also recently issued research reports about the stock. Jefferies Group reiterated a buy rating and issued a $15.00 price target on shares of Navigator Holdings in a research note on Wednesday, August 10th. Stifel Nicolaus dropped their price target on shares of Navigator Holdings from $25.00 to $18.00 and set a buy rating on the stock in a research note 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 target for the stock from $14.50 to $7.00 in a research note on Thursday, August 25th. Three research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $13.33.
Shares of Navigator Holdings (NYSE:NVGS) opened at 7.20 on Wednesday. The stock has a market cap of $399.15 million, a P/E ratio of 5.14 and a beta of 1.15. The company’s 50-day moving average is $7.07 and its 200-day moving average is $11.14. Navigator Holdings has a 12-month low of $6.47 and a 12-month high of $17.67.
Navigator Holdings (NYSE:NVGS) last announced its earnings results on Monday, August 8th. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.04. Navigator Holdings had a net margin of 25.18% and a return on equity of 8.42%. The business had revenue of $72.54 million for the quarter, compared to the consensus estimate of $70.75 million. During the same quarter last year, the firm posted $0.49 EPS. The business’s quarterly revenue was down 13.8% on a year-over-year basis. On average, equities research analysts anticipate that Navigator Holdings will post $0.82 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of NVGS. 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 during the period. Huntington Asset Advisors Inc. acquired a new position in shares of Navigator Holdings during the first quarter worth $123,000. Acadian Asset Management LLC raised its position in shares of Navigator Holdings by 357.9% in the second quarter. Acadian Asset Management LLC now owns 10,778 shares of the company’s stock worth $124,000 after buying an additional 8,424 shares during the period. K.J. Harrison & Partners Inc acquired a new position in shares of Navigator Holdings during the second quarter worth $138,000. Finally, Trexquant Investment LP raised its position in shares of Navigator Holdings by 21.9% in the second quarter. Trexquant Investment LP now owns 67,100 shares of the company’s stock worth $772,000 after buying an additional 12,061 shares during the period. 74.80% of the stock is owned by institutional investors and hedge funds.
Navigator Holdings Company Profile
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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