Navigator (NYSE:NVGS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Saturday, February 3rd.
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. “
Several other brokerages have also recently weighed in on NVGS. Jefferies Group began coverage on shares of Navigator in a research note on Monday, December 18th. They issued a “buy” rating and a $15.00 target price for the company. Maxim Group set a $17.00 price target on Navigator and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, BidaskClub downgraded Navigator from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.60.
Navigator (NYSE NVGS) opened at $12.70 on Friday. The stock has a market cap of $669.16, a PE ratio of 46.35, a price-to-earnings-growth ratio of 3.96 and a beta of 1.28. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.77. Navigator has a 52-week low of $7.00 and a 52-week high of $14.75.
A number of institutional investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. grew its position in Navigator by 13.0% in the third quarter. Oppenheimer & Co. Inc. now owns 1,930,167 shares of the shipping company’s stock valued at $21,425,000 after acquiring an additional 222,460 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Navigator by 218.9% during the fourth quarter. Wells Fargo & Company MN now owns 989,591 shares of the shipping company’s stock worth $9,748,000 after purchasing an additional 679,250 shares during the last quarter. Gagnon Securities LLC grew its holdings in shares of Navigator by 33.7% during the third quarter. Gagnon Securities LLC now owns 774,072 shares of the shipping company’s stock worth $8,592,000 after purchasing an additional 195,181 shares during the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of Navigator by 68.9% during the fourth quarter. Frontier Capital Management Co. LLC now owns 682,940 shares of the shipping company’s stock worth $6,727,000 after purchasing an additional 278,560 shares during the last quarter. Finally, First Manhattan Co. grew its holdings in shares of Navigator by 24.8% during the fourth quarter. First Manhattan Co. now owns 680,725 shares of the shipping company’s stock worth $6,705,000 after purchasing an additional 135,325 shares during the last quarter. Hedge funds and other institutional investors own 69.77% of the company’s stock.
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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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