Navigator (NYSE:NVGS) Rating Lowered to Hold at Zacks Research

Navigator (NYSE:NVGS – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

NVGS has been the subject of a number of other reports. Wall Street Zen lowered shares of Navigator from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Navigator in a research note on Friday, March 27th. Finally, Citigroup boosted their price target on shares of Navigator from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.33.

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Navigator Trading Down 0.8%

NYSE:NVGS opened at $23.24 on Tuesday. The company has a market cap of $1.43 billion, a P/E ratio of 14.26, a P/E/G ratio of 1.26 and a beta of 0.45. Navigator has a 1 year low of $13.50 and a 1 year high of $23.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.16 and a quick ratio of 1.10. The stock’s fifty day moving average price is $20.38 and its two-hundred day moving average price is $18.81.

Navigator (NYSE:NVGS – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The shipping company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. The business had revenue of $140.62 million for the quarter, compared to analysts’ expectations of $139.35 million. Navigator had a return on equity of 7.01% and a net margin of 18.84%. As a group, analysts expect that Navigator will post 1.56 EPS for the current year.

Institutional Investors Weigh In On Navigator

A number of large investors have recently added to or reduced their stakes in NVGS. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Navigator by 30.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,680 shares of the shipping company’s stock valued at $46,000 after buying an additional 625 shares in the last quarter. NBC Securities Inc. raised its stake in shares of Navigator by 21.9% during the fourth quarter. NBC Securities Inc. now owns 4,696 shares of the shipping company’s stock worth $81,000 after acquiring an additional 845 shares in the last quarter. CWM LLC raised its stake in shares of Navigator by 37.4% during the fourth quarter. CWM LLC now owns 4,627 shares of the shipping company’s stock worth $80,000 after acquiring an additional 1,259 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Navigator by 3.7% in the 3rd quarter. Focus Partners Wealth now owns 37,394 shares of the shipping company’s stock worth $579,000 after acquiring an additional 1,334 shares during the last quarter. Finally, Aquatic Capital Management LLC grew its holdings in shares of Navigator by 8.0% during the 3rd quarter. Aquatic Capital Management LLC now owns 18,194 shares of the shipping company’s stock valued at $282,000 after purchasing an additional 1,353 shares during the last quarter. Hedge funds and other institutional investors own 18.95% of the company’s stock.

About Navigator

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Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company’s fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator’s vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.

Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).

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