Maxim Group Analysts Give Navigator Holdings Ltd. (NVGS) a $17.00 Price Target

Navigator Holdings Ltd. (NYSE:NVGS) has been given a $17.00 price objective by research analysts at Maxim Group in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the shipping company’s stock. Maxim Group’s price target indicates a potential upside of 63.46% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on NVGS. Zacks Investment Research cut shares of Navigator Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. BidaskClub upgraded shares of Navigator Holdings from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Morgan Stanley upped their price objective on shares of Navigator Holdings from $7.50 to $8.00 and gave the stock an “underweight” rating in a report on Monday, July 17th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $15.00 price objective (down previously from $18.00) on shares of Navigator Holdings in a report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $12.38.

Navigator Holdings (NYSE NVGS) traded down 4.33% during trading on Tuesday, reaching $9.95. The company’s stock had a trading volume of 122,070 shares. The company has a 50-day moving average of $9.46 and a 200 day moving average of $10.74. Navigator Holdings has a one year low of $6.47 and a one year high of $14.75. The firm has a market cap of $552.53 million, a PE ratio of 29.26 and a beta of 1.10.

Navigator Holdings (NYSE:NVGS) last announced its quarterly earnings data on Monday, August 7th. The shipping company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.02. The business had revenue of $74.40 million during the quarter, compared to analysts’ expectations of $62.41 million. Navigator Holdings had a return on equity of 2.28% and a net margin of 6.44%. Navigator Holdings’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 EPS. Analysts expect that Navigator Holdings will post $0.38 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. increased its position in shares of Navigator Holdings by 14.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,355 shares of the shipping company’s stock worth $156,000 after buying an additional 1,460 shares during the period. Phoenix Investment Adviser LLC increased its position in shares of Navigator Holdings by 2.2% in the second quarter. Phoenix Investment Adviser LLC now owns 129,764 shares of the shipping company’s stock worth $1,077,000 after buying an additional 2,800 shares during the period. JPMorgan Chase & Co. increased its position in shares of Navigator Holdings by 62.2% in the second quarter. JPMorgan Chase & Co. now owns 12,810 shares of the shipping company’s stock worth $106,000 after buying an additional 4,910 shares during the period. Gabelli Funds LLC increased its position in shares of Navigator Holdings by 4.3% in the first quarter. Gabelli Funds LLC now owns 146,000 shares of the shipping company’s stock worth $2,008,000 after buying an additional 6,000 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in shares of Navigator Holdings by 3.6% in the second quarter. Gamco Investors INC. ET AL now owns 187,000 shares of the shipping company’s stock worth $1,552,000 after buying an additional 6,500 shares during the period. Institutional investors own 68.68% of the company’s stock.

Navigator Holdings Company Profile

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.

Analyst Recommendations for Navigator Holdings (NYSE:NVGS)

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