Navigator (NYSE:NVGS) Earns Buy Rating from Jefferies Financial Group

Navigator (NYSE:NVGS)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Financial Group in a report issued on Thursday,Benzinga reports. They currently have a $20.00 target price on the shipping company’s stock. Jefferies Financial Group’s price objective points to a potential upside of 28.00% from the company’s previous close.

Other analysts have also recently issued research reports about the company. StockNews.com cut Navigator from a “buy” rating to a “hold” rating in a report on Monday, October 14th. DNB Markets began coverage on Navigator in a report on Thursday, September 12th. They issued a “buy” rating and a $22.00 price target on the stock. Alliance Global Partners started coverage on Navigator in a report on Monday, October 28th. They set a “buy” rating and a $24.00 price objective on the stock. Clarkson Capital raised Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday, August 22nd. Finally, Citigroup started coverage on Navigator in a research note on Wednesday, July 31st. They issued a “buy” rating and a $22.00 price target on the stock. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Navigator has an average rating of “Buy” and an average price target of $21.60.

Navigator Stock Down 0.3 %

Shares of NYSE NVGS opened at $15.63 on Thursday. Navigator has a 52 week low of $13.72 and a 52 week high of $18.18. The business has a 50-day simple moving average of $15.97 and a two-hundred day simple moving average of $16.32. The company has a quick ratio of 1.13, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.14 billion, a P/E ratio of 13.83 and a beta of 1.50.

Navigator (NYSE:NVGS) last issued its earnings results on Wednesday, August 14th. The shipping company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Navigator had a return on equity of 7.40% and a net margin of 14.48%. The business had revenue of $129.55 million during the quarter, compared to the consensus estimate of $117.92 million. Research analysts anticipate that Navigator will post 1.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Navigator

Hedge funds have recently added to or reduced their stakes in the stock. Graham Capital Wealth Management LLC bought a new stake in Navigator in the third quarter worth $3,444,000. First Eagle Investment Management LLC boosted its holdings in Navigator by 6.5% in the first quarter. First Eagle Investment Management LLC now owns 539,538 shares of the shipping company’s stock worth $8,282,000 after acquiring an additional 33,100 shares in the last quarter. Sei Investments Co. boosted its holdings in Navigator by 108.6% in the second quarter. Sei Investments Co. now owns 70,256 shares of the shipping company’s stock worth $1,227,000 after acquiring an additional 36,571 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Navigator by 145.7% in the first quarter. Acadian Asset Management LLC now owns 1,086,016 shares of the shipping company’s stock worth $16,641,000 after acquiring an additional 644,011 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in Navigator by 266.1% in the second quarter. Evergreen Capital Management LLC now owns 42,995 shares of the shipping company’s stock worth $751,000 after acquiring an additional 31,250 shares in the last quarter. 18.95% of the stock is owned by institutional investors.

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.