Analysts Set Navigator Holdings Ltd. (NYSE:NVGS) Price Target at $21.60

Navigator Holdings Ltd. (NYSE:NVGS - Get Free Report) has been assigned a consensus rating of "Buy" from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $21.60.

Separately, Jefferies Financial Group restated a "buy" rating and set a $20.00 price target on shares of Navigator in a report on Wednesday, March 12th.

Institutional Trading of Navigator

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. R Squared Ltd purchased a new position in Navigator during the fourth quarter valued at approximately $31,000. New Age Alpha Advisors LLC bought a new position in shares of Navigator in the fourth quarter worth $38,000. LPL Financial LLC increased its holdings in shares of Navigator by 18.5% in the fourth quarter. LPL Financial LLC now owns 12,638 shares of the shipping company's stock worth $194,000 after purchasing an additional 1,976 shares during the period. Aristides Capital LLC raised its position in shares of Navigator by 10.5% in the fourth quarter. Aristides Capital LLC now owns 15,034 shares of the shipping company's stock worth $231,000 after buying an additional 1,428 shares in the last quarter. Finally, Corton Capital Inc. bought a new stake in Navigator during the fourth quarter valued at $270,000. 18.95% of the stock is currently owned by institutional investors.

Navigator Trading Down 0.5 %

Shares of Navigator stock traded down $0.07 on Thursday, hitting $13.01. 198,357 shares of the company's stock traded hands, compared to its average volume of 224,306. The company has a market capitalization of $902.52 million, a price-to-earnings ratio of 11.53 and a beta of 0.77. The company has a fifty day moving average of $13.21 and a two-hundred day moving average of $15.01. 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 has a one year low of $10.55 and a one year high of $18.18.

Navigator (NYSE:NVGS - Get Free Report) last issued its earnings results on Wednesday, March 12th. The shipping company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. Navigator had a return on equity of 7.40% and a net margin of 14.48%. The company had revenue of $144.03 million during the quarter, compared to the consensus estimate of $120.87 million. As a group, sell-side analysts expect that Navigator will post 1.25 earnings per share for the current year.

Navigator Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $0.20 dividend on an annualized basis and a yield of 1.54%. Navigator's dividend payout ratio is presently 16.67%.

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.