Navigator (NYSE:NVGS) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Navigator (NYSE:NVGS) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Navigator in a research note on Monday, December 29th. Zacks Research cut shares of Navigator from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Finally, Pareto Securities began coverage on shares of Navigator in a report on Tuesday, December 9th. They set a “buy” rating for the company. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.50.

Navigator Stock Performance

NYSE NVGS opened at $20.88 on Friday. The business has a 50-day moving average price of $18.78 and a 200-day moving average price of $17.35. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.60. Navigator has a twelve month low of $10.55 and a twelve month high of $21.36. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.14 and a beta of 0.37.

Institutional Investors Weigh In On Navigator

Large investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. lifted its position in Navigator by 1,124.1% during the fourth 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 bought a new stake in shares of Navigator in the 2nd quarter worth about $29,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Navigator by 2,794.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,055 shares of the shipping company’s stock worth $32,000 after buying an additional 1,984 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Navigator during the 3rd quarter valued at about $43,000. Finally, Legal & General Group Plc purchased a new stake in shares of Navigator during the 2nd quarter valued at about $42,000. Institutional investors own 18.95% of the company’s stock.

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).