Navigator (NYSE:NVGS) Downgraded by StockNews.com to Hold

Navigator (NYSE:NVGS) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Other analysts have also issued reports about the company. Clarkson Capital raised Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Thursday, August 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $20.00 price objective on shares of Navigator in a report on Thursday, August 15th. Citigroup assumed coverage on Navigator in a report on Wednesday, July 31st. They issued a “buy” rating and a $22.00 price objective on the stock. Finally, DNB Markets assumed coverage on Navigator in a report on Thursday, September 12th. They issued a “buy” rating and a $22.00 price objective on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Navigator presently has an average rating of “Moderate Buy” and an average price target of $21.00.

Navigator Stock Up 1.0 %

Shares of NVGS stock opened at $15.82 on Tuesday. The stock has a 50 day moving average of $16.22 and a 200 day moving average of $16.09. The company has a current ratio of 1.19, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1.16 billion, a P/E ratio of 13.52 and a beta of 1.50. Navigator has a twelve month low of $13.68 and a twelve month high of $18.18.

Navigator (NYSE:NVGS) last announced 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 company had revenue of $129.55 million during the quarter, compared to analysts’ expectations of $117.92 million. Navigator had a return on equity of 7.35% and a net margin of 14.76%. As a group, sell-side analysts expect that Navigator will post 1.38 EPS for the current year.

Institutional Trading of Navigator

A number of institutional investors have recently made changes to their positions in the company. Ghisallo Capital Management LLC acquired a new stake in shares of Navigator in the second quarter worth approximately $1,746,000. Point72 Asset Management L.P. acquired a new stake in shares of Navigator in the second quarter worth approximately $38,000. Quarry LP acquired a new stake in shares of Navigator in the second quarter worth approximately $48,000. Millennium Management LLC lifted its position in Navigator by 14.4% during the second quarter. Millennium Management LLC now owns 661,288 shares of the shipping company’s stock worth $11,546,000 after buying an additional 83,344 shares in the last quarter. Finally, Encompass Capital Advisors LLC purchased a new position in Navigator during the second quarter worth approximately $23,571,000. 18.95% of the stock is owned by institutional investors and hedge funds.

Navigator Company Profile

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.