Navigator (NVGS) Raised to Hold at Zacks Investment Research

Navigator (NYSE:NVGS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Navigator Holdings Ltd. provides international seaborne transportation and regional distribution services of liquefied petroleum gas, petrochemical gases and ammonia for energy companies, industrial users and commodity traders. Navigator Holdings Ltd. is based in London, the United Kingdom. “

NVGS has been the subject of several other research reports. Jefferies Group began coverage on Navigator in a research note on Monday, December 18th. They set a “buy” rating and a $15.00 price target for the company. Maxim Group cut their price target on Navigator from $17.00 to $14.50 and set a “buy” rating for the company in a research note on Thursday, November 9th. Finally, BidaskClub downgraded Navigator from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Navigator currently has an average rating of “Hold” and an average price target of $12.60.

Shares of Navigator (NYSE:NVGS) opened at $10.65 on Wednesday. The company has a market capitalization of $596.97, a price-to-earnings ratio of 50.71, a price-to-earnings-growth ratio of 4.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.93. Navigator has a fifty-two week low of $7.00 and a fifty-two week high of $14.75.

Navigator (NYSE:NVGS) last released its quarterly earnings results on Wednesday, November 8th. The shipping company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $70.21 million for the quarter, compared to analyst estimates of $59.65 million. Navigator had a return on equity of 1.49% and a net margin of 3.88%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. equities research analysts expect that Navigator will post 0.15 EPS for the current year.

Several large investors have recently added to or reduced their stakes in NVGS. Parametric Portfolio Associates LLC raised its stake in shares of Navigator by 3.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 12,111 shares of the shipping company’s stock worth $101,000 after buying an additional 455 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Navigator by 62.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,810 shares of the shipping company’s stock valued at $106,000 after purchasing an additional 4,910 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Navigator in the 2nd quarter valued at about $115,000. HighTower Advisors LLC raised its stake in Navigator by 27.9% in the 2nd quarter. HighTower Advisors LLC now owns 27,424 shares of the shipping company’s stock valued at $227,000 after purchasing an additional 5,989 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in Navigator in the 2nd quarter valued at about $261,000. 69.04% of the stock is owned by institutional investors and hedge funds.

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Navigator 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.

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