Navigator (NVGS) Downgraded by Wells Fargo & Co

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Wells Fargo & Co downgraded shares of Navigator (NYSE:NVGS) from an outperform rating to a market perform rating in a research note released on Thursday, Marketbeat reports.

Several other research analysts have also weighed in on NVGS. Morgan Stanley set a $13.00 price target on Navigator and gave the stock a hold rating in a research report on Wednesday, November 14th. ValuEngine lowered Navigator from a buy rating to a hold rating in a research report on Thursday, December 20th. Finally, Zacks Investment Research raised Navigator from a strong sell rating to a hold rating in a research report on Wednesday, October 24th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $14.50.

NYSE NVGS opened at $9.27 on Thursday. Navigator has a one year low of $8.70 and a one year high of $13.55. The stock has a market cap of $547.10 million, a PE ratio of 57.94 and a beta of 1.27. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 0.78.

Navigator (NYSE:NVGS) last announced its earnings results on Monday, November 12th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.03. Navigator had a negative return on equity of 0.04% and a negative net margin of 0.14%. The business had revenue of $80.80 million for the quarter, compared to analyst estimates of $60.88 million. During the same quarter last year, the firm earned ($0.02) EPS. Navigator’s revenue for the quarter was up 15.1% compared to the same quarter last year. Research analysts anticipate that Navigator will post 0.01 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of NVGS. Renaissance Technologies LLC increased its position in shares of Navigator by 117.7% during the 2nd quarter. Renaissance Technologies LLC now owns 125,200 shares of the shipping company’s stock worth $1,584,000 after purchasing an additional 67,700 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in shares of Navigator during the 2nd quarter worth approximately $136,000. Paloma Partners Management Co acquired a new position in shares of Navigator during the 2nd quarter worth approximately $150,000. Millennium Management LLC increased its position in shares of Navigator by 22.3% during the 2nd quarter. Millennium Management LLC now owns 89,984 shares of the shipping company’s stock worth $1,138,000 after purchasing an additional 16,427 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Navigator by 34.0% during the 2nd quarter. California Public Employees Retirement System now owns 20,766 shares of the shipping company’s stock worth $263,000 after purchasing an additional 5,266 shares during the last quarter. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

About Navigator

Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of December 31, 2017, it owned and operated a fleet of 38 vessels.

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