Navigator Holdings Ltd. (NYSE:NVGS) had its price target trimmed by Maxim Group from $17.00 to $14.50 in a report issued on Thursday. The firm currently has a buy rating on the shipping company’s stock.
NVGS has been the topic of a number of other reports. Jefferies Group LLC restated a buy rating and set a $15.00 price target on shares of Navigator Holdings in a research note on Tuesday, August 29th. BidaskClub upgraded shares of Navigator Holdings from a sell rating to a hold rating in a research note on Saturday, August 26th. Morgan Stanley upped their price target on shares of Navigator Holdings from $7.50 to $8.00 and gave the company an underweight rating in a research note on Monday, July 17th. Zacks Investment Research upgraded shares of Navigator Holdings from a hold rating to a buy rating and set a $9.50 price target on the stock in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus restated a buy rating and set a $16.00 price target on shares of Navigator Holdings in a research note on Thursday, August 31st. Three analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $12.60.
Shares of Navigator Holdings (NYSE NVGS) traded down $0.05 during mid-day trading on Thursday, hitting $10.10. 171,100 shares of the company were exchanged, compared to its average volume of 264,587. The stock has a market cap of $563.65, a PE ratio of 39.04, a P/E/G ratio of 4.38 and a beta of 1.05. The company has a quick ratio of 0.92, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. Navigator Holdings has a 12 month low of $7.00 and a 12 month high of $14.75.
Navigator Holdings (NYSE:NVGS) last announced its quarterly earnings results on Wednesday, November 8th. The shipping company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.04). The business had revenue of $70.21 million for the quarter, compared to analysts’ expectations of $59.65 million. Navigator Holdings had a net margin of 3.88% and a return on equity of 1.49%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share. sell-side analysts anticipate that Navigator Holdings will post 0.26 EPS for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. increased its holdings in Navigator Holdings by 13.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,930,167 shares of the shipping company’s stock worth $21,425,000 after acquiring an additional 222,460 shares during the period. Fort Washington Investment Advisors Inc. OH increased its holdings in Navigator Holdings by 10.2% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 736,450 shares of the shipping company’s stock worth $6,113,000 after acquiring an additional 68,000 shares during the period. First Manhattan Co. increased its holdings in Navigator Holdings by 3.1% during the 3rd quarter. First Manhattan Co. now owns 545,400 shares of the shipping company’s stock worth $6,053,000 after acquiring an additional 16,400 shares during the period. Evergreen Capital Management LLC increased its holdings in Navigator Holdings by 71.6% during the 2nd quarter. Evergreen Capital Management LLC now owns 405,865 shares of the shipping company’s stock worth $3,369,000 after acquiring an additional 169,410 shares during the period. Finally, Frontier Capital Management Co. LLC bought a new stake in Navigator Holdings during the 3rd quarter worth approximately $4,489,000. 67.55% of the stock is currently owned by institutional investors and hedge funds.
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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