Navigator Holdings Ltd (NVGS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Navigator Holdings Ltd (NYSE:NVGS) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $15.00.

Several analysts recently weighed in on the company. ValuEngine raised Navigator from a “hold” rating to a “buy” rating in a research note on Thursday, May 31st. Maxim Group reiterated a “buy” rating and issued a $16.00 target price (up from $14.50) on shares of Navigator in a research report on Monday, March 5th. Finally, Zacks Investment Research upgraded Navigator from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th.

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A number of institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN grew its stake in 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 period. Penbrook Management LLC purchased a new position in Navigator during the fourth quarter worth about $1,481,000. Oppenheimer & Co. Inc. grew its position in Navigator by 2.4% during the first quarter. Oppenheimer & Co. Inc. now owns 1,577,539 shares of the shipping company’s stock worth $18,536,000 after buying an additional 37,460 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in Navigator by 34.1% during the first quarter. Frontier Capital Management Co. LLC now owns 916,118 shares of the shipping company’s stock worth $10,764,000 after buying an additional 233,178 shares in the last quarter. Finally, BancorpSouth Bank purchased a new position in Navigator during the first quarter worth about $411,000. Hedge funds and other institutional investors own 68.70% of the company’s stock.

Shares of Navigator traded up $0.12, hitting $11.03, during mid-day trading on Monday, MarketBeat Ratings reports. The stock had a trading volume of 33,351 shares, compared to its average volume of 100,428. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.90 and a quick ratio of 0.82. Navigator has a 12-month low of $7.00 and a 12-month high of $13.25. The stock has a market cap of $605.30 million, a price-to-earnings ratio of 68.91, a price-to-earnings-growth ratio of 4.55 and a beta of 1.22.

Navigator (NYSE:NVGS) last released its earnings results on Wednesday, May 9th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). The company had revenue of $77.81 million for the quarter, compared to analyst estimates of $62.22 million. Navigator had a return on equity of 0.34% and a net margin of 1.09%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company posted $0.05 earnings per share. equities analysts expect that Navigator will post 0.27 earnings per share for the current fiscal year.

About Navigator

Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of December 31, 2017, it owned and operated a fleet of 38 vessels.