Zacks Investment Research upgraded shares of Navigator Holdings Ltd. (NYSE:NVGS) from a hold rating to a buy rating in a report published on Wednesday morning. Zacks Investment Research currently has $9.50 target price on the shipping company’s stock.
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. “
A number of other brokerages have also recently weighed in on NVGS. Maxim Group set a $17.00 price objective on Navigator Holdings and gave the stock a buy rating in a research note on Thursday, May 4th. BidaskClub upgraded Navigator Holdings from a sell rating to a hold rating in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Navigator Holdings has an average rating of Buy and a consensus target price of $13.50.
Navigator Holdings (NVGS) opened at 10.15 on Wednesday. The stock’s 50 day moving average price is $7.86 and its 200 day moving average price is $10.77. Navigator Holdings has a one year low of $6.47 and a one year high of $14.75. The company has a market capitalization of $563.64 million, a P/E ratio of 20.30 and a beta of 1.01.
Navigator Holdings (NYSE:NVGS) last issued its quarterly earnings data on Monday, May 8th. The shipping company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $77.30 million during the quarter, compared to analysts’ expectations of $63.83 million. Navigator Holdings had a return on equity of 3.23% and a net margin of 9.48%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. Equities analysts anticipate that Navigator Holdings will post $0.48 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. boosted its stake in Navigator Holdings by 13.8% in the first quarter. Oppenheimer & Co. Inc. now owns 1,638,805 shares of the shipping company’s stock worth $22,533,000 after buying an additional 198,418 shares during the period. First Manhattan Co. boosted its stake in Navigator Holdings by 235.7% in the first quarter. First Manhattan Co. now owns 1,125,892 shares of the shipping company’s stock worth $8,095,000 after buying an additional 790,517 shares during the period. Emancipation Management LLC boosted its stake in Navigator Holdings by 1.7% in the first quarter. Emancipation Management LLC now owns 767,758 shares of the shipping company’s stock worth $10,557,000 after buying an additional 12,524 shares during the period. Driehaus Capital Management LLC boosted its stake in Navigator Holdings by 474.3% in the first quarter. Driehaus Capital Management LLC now owns 312,085 shares of the shipping company’s stock worth $4,291,000 after buying an additional 257,745 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Navigator Holdings by 581.1% in the first quarter. Wells Fargo & Company MN now owns 297,081 shares of the shipping company’s stock worth $4,085,000 after buying an additional 253,460 shares during the period. Institutional investors own 68.46% of the company’s stock.
About Navigator Holdings
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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