Navigator Holdings Ltd. (NYSE:NVGS) had its price objective increased by Morgan Stanley from $7.50 to $8.00 in a research report released on Monday, July 17th. They currently have an underweight rating on the shipping company’s stock.
Several other research analysts have also recently weighed in on NVGS. Zacks Investment Research raised Navigator Holdings from a hold rating to a buy rating and set a $15.00 target price on the stock in a research note on Wednesday, April 5th. Maxim Group set a $17.00 target price on Navigator Holdings and gave the company a buy rating in a research note on Thursday, May 4th. Finally, BidaskClub raised Navigator Holdings from a sell rating to a hold rating in a research note on Thursday, July 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Navigator Holdings presently has a consensus rating of Hold and an average target price of $12.38.
Shares of Navigator Holdings (NYSE NVGS) traded up 4.52% during trading on Monday, reaching $10.40. The company had a trading volume of 162,306 shares. The company has a 50 day moving average of $9.62 and a 200-day moving average of $10.72. Navigator Holdings has a 52-week low of $6.47 and a 52-week high of $14.75. The firm has a market capitalization of $577.52 million, a P/E ratio of 30.59 and a beta of 1.10.
Navigator Holdings (NYSE:NVGS) last released its quarterly earnings results on Monday, August 7th. The shipping company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by $0.02. The firm had revenue of $74.40 million during the quarter, compared to the consensus estimate of $62.41 million. Navigator Holdings had a return on equity of 2.28% and a net margin of 6.44%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. Equities analysts expect that Navigator Holdings will post $0.38 earnings per share for the current year.
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Several hedge funds have recently bought and sold shares of NVGS. Parametric Portfolio Associates LLC raised its stake 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 period. Bronfman E.L. Rothschild L.P. raised its stake in shares of Navigator Holdings by 14.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,355 shares of the shipping company’s stock valued at $156,000 after buying an additional 1,460 shares during the period. Phoenix Investment Adviser LLC raised its stake in shares of Navigator Holdings by 2.2% in the second quarter. Phoenix Investment Adviser LLC now owns 129,764 shares of the shipping company’s stock valued at $1,077,000 after buying an additional 2,800 shares during the period. JPMorgan Chase & Co. raised its stake 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 period. Finally, Gabelli Funds LLC raised its stake in shares of Navigator Holdings by 4.3% in the first quarter. Gabelli Funds LLC now owns 146,000 shares of the shipping company’s stock valued at $2,008,000 after buying an additional 6,000 shares during the period. Institutional investors own 68.68% of the company’s stock.
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. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.
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