Navigator Holdings Ltd. (NYSE:NVGS) Receives $21.00 Consensus Price Target from Analysts

Shares of Navigator Holdings Ltd. (NYSE:NVGS) have been given a consensus rating of “Buy” by the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $21.60.

A number of research firms have commented on NVGS. Clarkson Capital upgraded Navigator from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Thursday, August 22nd. Alliance Global Partners began coverage on Navigator in a research report on Monday. They issued a “buy” rating and a $24.00 price objective on the stock. DNB Markets began coverage on Navigator in a research report on Thursday, September 12th. They issued a “buy” rating and a $22.00 price objective on the stock. StockNews.com downgraded Navigator from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Finally, Citigroup began coverage on Navigator in a research report on Wednesday, July 31st. They issued a “buy” rating and a $22.00 price objective on the stock.

Institutional Investors Weigh In On Navigator

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in Navigator by 9.1% during the third quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock worth $132,000 after acquiring an additional 684 shares during the last quarter. Tectonic Advisors LLC increased its stake in Navigator by 3.5% during the third quarter. Tectonic Advisors LLC now owns 63,900 shares of the shipping company’s stock worth $1,027,000 after acquiring an additional 2,152 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Navigator during the second quarter worth about $38,000. Quarry LP acquired a new stake in shares of Navigator in the second quarter valued at about $48,000. Finally, Perkins Coie Trust Co grew its stake in shares of Navigator by 66.7% in the third quarter. Perkins Coie Trust Co now owns 10,000 shares of the shipping company’s stock valued at $161,000 after buying an additional 4,000 shares in the last quarter. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Navigator Trading Down 2.9 %

NYSE:NVGS opened at $15.14 on Monday. The firm has a market cap of $1.11 billion, a P/E ratio of 13.40 and a beta of 1.49. 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’s 50 day simple moving average is $16.11 and its 200-day simple moving average is $16.30. Navigator has a 12-month low of $13.72 and a 12-month high of $18.18.

Navigator (NYSE:NVGS) last posted its quarterly earnings results on Wednesday, August 14th. The shipping company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Navigator had a return on equity of 7.35% and a net margin of 14.76%. The firm had revenue of $129.55 million for the quarter, compared to the consensus estimate of $117.92 million. Equities analysts anticipate that Navigator will post 1.38 EPS for the current year.

Navigator Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 3rd were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.20 annualized dividend and a yield of 1.32%. Navigator’s payout ratio is currently 17.70%.

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.