Navigator Holdings Ltd. (NYSE:NVGS) Given Average Recommendation of “Buy” by Analysts

Shares of Navigator Holdings Ltd. (NYSE:NVGS) have been given a consensus recommendation of “Buy” by the five ratings firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $21.60.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Navigator in a report on Wednesday.

Institutional Trading of Navigator

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in shares of Navigator during the 4th quarter valued at $31,000. New Age Alpha Advisors LLC bought a new position in shares of Navigator in the fourth quarter worth about $38,000. Quarry LP lifted its position in shares of Navigator by 61.0% during the 3rd quarter. Quarry LP now owns 4,383 shares of the shipping company’s stock valued at $70,000 after buying an additional 1,661 shares in the last quarter. Millburn Ridgefield Corp bought a new position in shares of Navigator during the 3rd quarter valued at approximately $92,000. Finally, LPL Financial LLC increased its holdings in Navigator by 18.5% in the 4th quarter. LPL Financial LLC now owns 12,638 shares of the shipping company’s stock worth $194,000 after acquiring an additional 1,976 shares in the last quarter. 18.95% of the stock is owned by hedge funds and other institutional investors.

Navigator Stock Up 0.7 %

Shares of NYSE NVGS traded up $0.09 during trading on Wednesday, reaching $13.88. The company had a trading volume of 294,500 shares, compared to its average volume of 212,356. Navigator has a 12-month low of $13.55 and a 12-month high of $18.18. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average is $16.08 and its 200 day moving average is $15.91. The stock has a market cap of $1.02 billion, a PE ratio of 12.28 and a beta of 1.39.

Navigator (NYSE:NVGS) last released its quarterly earnings data on Wednesday, March 12th. The shipping company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Navigator had a net margin of 14.48% and a return on equity of 7.40%. As a group, equities analysts forecast that Navigator will post 1.25 earnings per share for the current fiscal year.

About Navigator

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.