Navigator Holdings Ltd. (NYSE:NVGS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday.
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. “
NVGS has been the topic of a number of other research reports. Morgan Stanley lowered Navigator Holdings from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $14.50 to $7.00 in a research report on Thursday, August 25th. Jefferies Group reaffirmed a “buy” rating on shares of Navigator Holdings in a research report on Tuesday, August 23rd. Finally, Stifel Nicolaus cut their price objective on Navigator Holdings from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.33.
Shares of Navigator Holdings (NYSE:NVGS) opened at 7.00 on Wednesday. Navigator Holdings has a 12 month low of $6.47 and a 12 month high of $17.67. The company has a market cap of $388.06 million, a PE ratio of 5.00 and a beta of 1.17. The firm’s 50-day moving average price is $7.44 and its 200 day moving average price is $11.83.
Navigator Holdings (NYSE:NVGS) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by $0.04. Navigator Holdings had a return on equity of 8.42% and a net margin of 25.18%. The company had revenue of $72.54 million for the quarter, compared to analysts’ expectations of $70.75 million. During the same period in the prior year, the company posted $0.49 EPS. The firm’s revenue was down 13.8% compared to the same quarter last year. Equities research analysts anticipate that Navigator Holdings will post $0.82 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. 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 worth $12,556,000 after buying an additional 179,000 shares during the last quarter. LSV Asset Management purchased a new position in shares of Navigator Holdings during the second quarter worth approximately $1,922,000. Emerald Acquisition Ltd. purchased a new position in shares of Navigator Holdings during the second quarter worth approximately $832,000. Mad River Investors purchased a new position in shares of Navigator Holdings during the second quarter worth approximately $971,000. Finally, Tealwood Asset Management Inc. increased its position in shares of Navigator Holdings by 33.6% in the second quarter. Tealwood Asset Management Inc. now owns 162,977 shares of the company’s stock worth $1,874,000 after buying an additional 40,965 shares during the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.
Navigator Holdings Company Profile
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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