Navigator (NYSE:NVGS) Rating Increased to Buy at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Navigator (NYSE:NVGS – Free Report) from a hold rating to a buy rating in a research report released on Friday.

Several other research firms also recently issued reports on NVGS. Clarkson Capital raised shares of Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday, August 22nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $20.00 target price on shares of Navigator in a report on Thursday. DNB Markets initiated coverage on Navigator in a research report on Thursday, September 12th. They issued a “buy” rating and a $22.00 price objective for the company. Citigroup started coverage on shares of Navigator in a research note on Wednesday, July 31st. They set a “buy” rating and a $22.00 price target for the company. Finally, Alliance Global Partners assumed coverage on shares of Navigator in a research note on Monday, October 28th. They issued a “buy” rating and a $24.00 price objective on the stock. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Navigator has an average rating of “Buy” and an average target price of $21.60.

Check Out Our Latest Research Report on Navigator

Navigator Stock Down 0.4 %

Shares of NYSE:NVGS traded down $0.06 during midday trading on Friday, reaching $15.61. The company’s stock had a trading volume of 154,111 shares, compared to its average volume of 186,561. The firm has a 50 day moving average of $15.97 and a 200-day moving average of $16.32. The firm has a market capitalization of $1.14 billion, a P/E ratio of 13.83 and a beta of 1.50. The company has a quick ratio of 1.13, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. Navigator has a 12-month low of $13.72 and a 12-month high of $18.18.

Navigator (NYSE:NVGS – Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The shipping company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $129.55 million for the quarter, compared to the consensus estimate of $117.92 million. Navigator had a return on equity of 7.40% and a net margin of 14.48%. On average, research analysts anticipate that Navigator will post 1.38 earnings per share for the current year.

Navigator Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, November 25th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.20 dividend on an annualized basis and a yield of 1.28%. Navigator’s dividend payout ratio is currently 17.70%.

Hedge Funds Weigh In On Navigator

Several large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC grew its holdings in shares of Navigator by 32.8% in the second quarter. Acadian Asset Management LLC now owns 1,442,150 shares of the shipping company’s stock valued at $25,146,000 after purchasing an additional 356,134 shares in the last quarter. Encompass Capital Advisors LLC purchased a new position in Navigator in the second quarter valued at $23,571,000. Royce & Associates LP grew its stake in Navigator by 0.7% during the 3rd quarter. Royce & Associates LP now owns 898,403 shares of the shipping company’s stock worth $14,437,000 after purchasing an additional 6,250 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Navigator by 15.8% during the 2nd quarter. Renaissance Technologies LLC now owns 787,700 shares of the shipping company’s stock worth $13,753,000 after purchasing an additional 107,300 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Navigator by 14.4% in the 2nd quarter. Millennium Management LLC now owns 661,288 shares of the shipping company’s stock valued at $11,546,000 after buying an additional 83,344 shares during the period. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Navigator Company Profile

(Get Free Report)

Navigator Holdings Ltd. engages in owning and operating a fleet of liquefied gas carriers worldwide. It provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also offers ship shore infrastructure and consultancy services.

Featured Articles