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 report issued on Tuesday.

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. BidaskClub lowered shares of Navigator from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Maxim Group set a $17.00 price objective on shares of Navigator and gave the company a “buy” rating in a research note on Wednesday, November 1st. Jefferies Group assumed coverage on shares of Navigator in a research note on Monday, December 18th. They issued a “buy” rating and a $15.00 price target for the company. Finally, Morgan Stanley upgraded shares of Navigator from an “underweight” rating to an “equal weight” rating and set a $13.00 price target for the company in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Navigator currently has a consensus rating of “Hold” and a consensus price target of $13.60.

Navigator (NYSE NVGS) opened at $12.20 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. Navigator has a 12 month low of $7.00 and a 12 month high of $14.75. The company has a market cap of $677.49, a P/E ratio of 58.10, a PEG ratio of 4.16 and a beta of 1.28.

A number of institutional investors have recently modified their holdings of NVGS. Wells Fargo & Company MN lifted its stake in Navigator by 218.9% in the fourth quarter. Wells Fargo & Company MN now owns 989,591 shares of the shipping company’s stock worth $9,748,000 after acquiring an additional 679,250 shares during the last quarter. Frontier Capital Management Co. LLC purchased a new position in Navigator in the third quarter worth approximately $4,489,000. Northern Trust Corp lifted its stake in Navigator by 518.5% in the second quarter. Northern Trust Corp now owns 361,541 shares of the shipping company’s stock worth $3,001,000 after acquiring an additional 303,090 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Navigator by 13.0% in the third 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 last quarter. Finally, Gagnon Securities LLC lifted its stake in Navigator by 33.7% in the third quarter. Gagnon Securities LLC now owns 774,072 shares of the shipping company’s stock worth $8,592,000 after acquiring an additional 195,181 shares during the last quarter. Institutional investors own 67.18% of the company’s stock.

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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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