Navigator (NYSE:NVGS) Given Buy Rating at Jefferies Financial Group

Navigator (NYSE:NVGS)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a research note issued to investors on Friday,Benzinga reports. They currently have a $20.00 target price on the shipping company’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 22.55% from the company’s previous close.

NVGS has been the topic of several other reports. DNB Markets initiated coverage on Navigator in a research report on Thursday, September 12th. They issued a “buy” rating and a $22.00 target price on the stock. StockNews.com upgraded shares of Navigator from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Citigroup began coverage on shares of Navigator in a research report on Wednesday, July 31st. They set a “buy” rating and a $22.00 price objective for the company. Clarkson Capital raised Navigator from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Thursday, August 22nd. Finally, Alliance Global Partners initiated coverage on Navigator in a research note on Monday, October 28th. They issued a “buy” rating and a $24.00 price objective on the stock. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $21.60.

Navigator Stock Performance

NYSE:NVGS traded up $0.40 during trading hours on Friday, reaching $16.32. The company had a trading volume of 173,048 shares, compared to its average volume of 199,548. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 14.44 and a beta of 1.50. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average price is $16.02 and its 200-day moving average price is $16.37. Navigator has a 52 week low of $13.85 and a 52 week high of $18.18.

Institutional Investors Weigh In On Navigator

Institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new position in Navigator during the 2nd quarter worth approximately $38,000. Quarry LP acquired a new stake in Navigator during the 2nd quarter worth about $48,000. Millburn Ridgefield Corp purchased a new position in shares of Navigator during the 3rd quarter valued at about $92,000. Perkins Coie Trust Co acquired a new position in shares of Navigator in the 2nd quarter valued at about $105,000. Finally, SG Americas Securities LLC boosted its stake in shares of Navigator by 9.1% in the third quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock worth $132,000 after buying an additional 684 shares during the last quarter. 18.95% of the stock is currently owned by institutional investors and hedge funds.

About Navigator

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.