Navigator (NYSE:NVGS) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Navigator (NYSE:NVGS) from a buy rating to a hold rating in a report released on Sunday morning.

A number of other analysts have also recently commented on NVGS. Jefferies Financial Group reiterated a “buy” rating and set a $19.00 target price on shares of Navigator in a research report on Wednesday, November 5th. Zacks Research downgraded Navigator from a “hold” rating to a “strong sell” rating in a research note on Thursday. Pareto Securities initiated coverage on Navigator in a research report on Tuesday, December 9th. They set a “buy” rating on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Navigator in a research note on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Navigator currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Navigator Trading Up 3.4%

NYSE NVGS opened at $18.19 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.18 and a quick ratio of 1.14. The firm’s fifty day moving average price is $17.80 and its 200 day moving average price is $16.79. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.00 and a beta of 0.40. Navigator has a 12 month low of $10.55 and a 12 month high of $18.83.

Institutional Trading of Navigator

Hedge funds have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. grew its stake in shares of Navigator by 1,124.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,677 shares of the shipping company’s stock valued at $29,000 after purchasing an additional 1,540 shares during the last quarter. California State Teachers Retirement System acquired a new stake in shares of Navigator during the second quarter worth $29,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Navigator by 2,794.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,055 shares of the shipping company’s stock worth $32,000 after purchasing an additional 1,984 shares during the period. Legal & General Group Plc purchased a new position in Navigator in the 2nd quarter valued at $42,000. Finally, Russell Investments Group Ltd. acquired a new position in Navigator in the 3rd quarter valued at $43,000. 18.95% of the stock is owned by institutional investors and hedge funds.

Navigator Company Profile

Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company’s fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator’s vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.

Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).