Navigator Holdings Ltd (NYSE:NVGS) has been given an average recommendation of “Buy” by the eight research firms that are presently covering the company. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $13.25.
NVGS has been the subject of several recent research reports. Wells Fargo & Co raised Navigator Holdings from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 11th. Zacks Investment Research raised Navigator Holdings from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Thursday, January 12th. Finally, TheStreet raised Navigator Holdings from a “d+” rating to a “c-” rating in a report on Wednesday, February 22nd.
Shares of Navigator Holdings (NYSE:NVGS) traded down 1.54% during midday trading on Wednesday, hitting $12.80. The stock had a trading volume of 89,438 shares. The firm has a market cap of $709.58 million, a price-to-earnings ratio of 16.00 and a beta of 1.25. The stock’s 50 day moving average price is $13.50 and its 200 day moving average price is $10.39. Navigator Holdings has a 12 month low of $6.47 and a 12 month high of $16.85.
Navigator Holdings (NYSE:NVGS) last posted its quarterly earnings results on Wednesday, March 1st. The shipping company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.06 by $0.08. Navigator Holdings had a return on equity of 6.52% and a net margin of 20.45%. The firm earned $75.50 million during the quarter, compared to analysts’ expectations of $57.35 million. During the same quarter last year, the firm earned $0.43 earnings per share. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities analysts forecast that Navigator Holdings will post $0.74 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL raised its position in Navigator Holdings by 27.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 169,044 shares of the shipping company’s stock valued at $1,572,000 after buying an additional 36,044 shares in the last quarter. Gabelli Funds LLC raised its position in Navigator Holdings by 10.2% in the fourth quarter. Gabelli Funds LLC now owns 140,000 shares of the shipping company’s stock valued at $1,302,000 after buying an additional 13,000 shares in the last quarter. Emancipation Management LLC raised its position in Navigator Holdings by 10.5% in the fourth quarter. Emancipation Management LLC now owns 755,234 shares of the shipping company’s stock valued at $7,023,000 after buying an additional 71,812 shares in the last quarter. Teton Advisors Inc. raised its position in Navigator Holdings by 3.1% in the fourth quarter. Teton Advisors Inc. now owns 134,000 shares of the shipping company’s stock valued at $1,246,000 after buying an additional 4,000 shares in the last quarter. Finally, Croft Leominster Inc. purchased a new position in Navigator Holdings during the third quarter valued at approximately $179,000. 65.50% of the stock is owned by institutional investors.
About Navigator Holdings
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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