Maxim Group Analysts Give Navigator Holdings Ltd. (NVGS) a $17.00 Price Target
Navigator Holdings Ltd. (NYSE:NVGS) received a $17.00 target price from Maxim Group in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the shipping company’s stock. Maxim Group’s price objective would suggest a potential upside of 67.49% from the company’s previous close.
Several other research analysts have also issued reports on NVGS. BidaskClub raised Navigator Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research raised Navigator Holdings from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research report on Wednesday, July 12th. Morgan Stanley raised their target price on Navigator Holdings from $7.50 to $8.00 and gave the stock an “underweight” rating in a research report on Monday, July 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $15.00 target price (down from $18.00) on shares of Navigator Holdings in a research report on Saturday, July 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $16.00 target price on shares of Navigator Holdings in a research report on Thursday, August 31st. Three analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Navigator Holdings currently has a consensus rating of “Hold” and an average target price of $13.10.
Shares of Navigator Holdings (NYSE NVGS) opened at 10.15 on Wednesday. The firm has a market capitalization of $563.64 million, a PE ratio of 29.85 and a beta of 1.09. Navigator Holdings has a 52 week low of $6.65 and a 52 week high of $14.75. The company’s 50 day moving average price is $11.01 and its 200-day moving average price is $10.04.
Navigator Holdings (NYSE:NVGS) last announced its quarterly earnings results on Monday, August 7th. The shipping company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). The firm had revenue of $74.40 million during the quarter, compared to the consensus estimate of $62.41 million. Navigator Holdings had a net margin of 6.44% and a return on equity of 2.28%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. On average, equities research analysts expect that Navigator Holdings will post $0.29 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC raised its position in Navigator Holdings by 3.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 12,111 shares of the shipping company’s stock worth $101,000 after purchasing an additional 455 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Navigator Holdings by 62.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,810 shares of the shipping company’s stock worth $106,000 after acquiring an additional 4,910 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Navigator Holdings by 13.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 12,865 shares of the shipping company’s stock worth $107,000 after acquiring an additional 1,510 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Navigator Holdings in the 2nd quarter worth about $115,000. Finally, Tocqueville Asset Management L.P. bought a new position in shares of Navigator Holdings in the 2nd quarter worth about $208,000. 66.85% of the stock is owned by institutional investors and hedge funds.
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. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.
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