Navigator Holdings Ltd. (NYSE:NVGS) Given Average Rating of “Buy” by Brokerages

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

Several analysts recently weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $20.00 target price on shares of Navigator in a report on Friday, November 22nd. StockNews.com upgraded Navigator from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Finally, Alliance Global Partners initiated coverage on Navigator in a report on Monday, October 28th. They set a “buy” rating and a $24.00 target price for the company.

Hedge Funds Weigh In On Navigator

Institutional investors and hedge funds have recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in Navigator during the 4th quarter worth about $31,000. Quarry LP boosted its holdings in Navigator by 61.0% in the third quarter. Quarry LP now owns 4,383 shares of the shipping company’s stock valued at $70,000 after purchasing an additional 1,661 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in Navigator in the third quarter valued at approximately $92,000. SG Americas Securities LLC raised its holdings 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 purchasing an additional 684 shares in the last quarter. Finally, Perkins Coie Trust Co lifted its position in shares of Navigator by 66.7% during the 3rd quarter. Perkins Coie Trust Co now owns 10,000 shares of the shipping company’s stock worth $161,000 after buying an additional 4,000 shares during the last quarter. 18.95% of the stock is owned by institutional investors and hedge funds.

Navigator Trading Up 2.6 %

NYSE NVGS opened at $17.01 on Wednesday. Navigator has a 12 month low of $14.55 and a 12 month high of $18.18. The stock has a market capitalization of $1.24 billion, a P/E ratio of 15.05 and a beta of 1.45. The firm’s 50-day moving average is $15.91 and its two-hundred day moving average is $15.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71.

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.