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. “
Several other brokerages have also issued reports on NVGS. Stifel Nicolaus decreased their price target on Navigator Holdings from $25.00 to $18.00 and set a buy rating on the stock in a research note on Friday, July 22nd. Jefferies Group set a $15.00 price target on Navigator Holdings and gave the company a buy rating in a research note on Wednesday, July 27th. Finally, Morgan Stanley downgraded Navigator Holdings from an equal weight rating to an underweight rating and cut their price objective for the company from $14.50 to $7.00 in a report on Thursday, August 25th. Three analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $13.33.
Shares of Navigator Holdings (NYSE:NVGS) opened at 6.85 on Wednesday. Navigator Holdings has a one year low of $6.47 and a one year high of $17.67. The company has a market capitalization of $379.74 million, a P/E ratio of 4.89 and a beta of 1.15. The firm has a 50 day moving average price of $7.06 and a 200 day moving average price of $11.01.
Navigator Holdings (NYSE:NVGS) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Navigator Holdings had a net margin of 25.18% and a return on equity of 8.42%. The business earned $72.54 million during the quarter, compared to the consensus estimate of $70.75 million. During the same quarter in the previous year, the business posted $0.49 EPS. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. On average, equities research analysts predict that Navigator Holdings will post $0.82 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. First Manhattan Co. increased its stake in Navigator Holdings by 74.5% in the second quarter. First Manhattan Co. now owns 942,167 shares of the company’s stock valued at $10,834,000 after buying an additional 402,359 shares during the period. NFC Investments LLC bought a new position in shares of Navigator Holdings during the first quarter valued at approximately $5,478,000. Oppenheimer & Co. Inc. increased its position in shares of Navigator Holdings by 19.6% in the second quarter. Oppenheimer & Co. Inc. now owns 1,091,787 shares of the company’s stock valued at $12,556,000 after buying an additional 179,000 shares during the last quarter. Gagnon Securities LLC increased its position in shares of Navigator Holdings by 45.3% in the second quarter. Gagnon Securities LLC now owns 558,095 shares of the company’s stock valued at $6,418,000 after buying an additional 174,061 shares during the last quarter. Finally, LSV Asset Management bought a new position in shares of Navigator Holdings during the second quarter valued at approximately $1,922,000. 74.80% of the stock is currently owned by institutional investors.
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. The Company’s fleet consists of over 40 vessels, including eight newbuilding vessels.
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