Navigator's (NVGS) "Buy (B-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Navigator's stock has had its "buy (B-)" rating reaffirmed by Weiss Ratings, with an average price target of $22.33.
• The company's recent earnings report showed an EPS of $0.14, falling short of the consensus estimate of $0.36, while revenue surpassed expectations at $129.64 million.
• Significant institutional investments have been made in Navigator, with Osaic Holdings increasing its position by 21,406.3% in the second quarter.

Navigator (NYSE:NVGS - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other analysts have also weighed in on NVGS. Jefferies Financial Group restated a "buy" rating and set a $19.00 price objective on shares of Navigator in a research note on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Navigator in a research note on Thursday, September 25th. They issued a "buy" rating and a $24.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $22.33.

Navigator Trading Up 0.6%

Shares of NYSE:NVGS traded up $0.08 on Wednesday, hitting $14.92. The company had a trading volume of 16,378 shares, compared to its average volume of 355,771. The firm's 50-day simple moving average is $16.03 and its two-hundred day simple moving average is $14.67. Navigator has a 1 year low of $10.55 and a 1 year high of $17.52. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 11.75 and a beta of 0.63.

Navigator (NYSE:NVGS - Get Free Report) last posted its earnings results on Tuesday, August 12th. The shipping company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.22). Navigator had a return on equity of 6.56% and a net margin of 15.57%.The company had revenue of $129.64 million during the quarter, compared to analysts' expectations of $126.73 million. Equities analysts anticipate that Navigator will post 1.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Navigator

Several large investors have recently bought and sold shares of the business. Osaic Holdings Inc. increased its position in Navigator by 21,406.3% in the second quarter. Osaic Holdings Inc. now owns 3,441 shares of the shipping company's stock worth $49,000 after purchasing an additional 3,425 shares during the last quarter. Tidal Investments LLC increased its position in Navigator by 11.5% during the second quarter. Tidal Investments LLC now owns 29,272 shares of the shipping company's stock valued at $414,000 after acquiring an additional 3,023 shares during the last quarter. Lazard Asset Management LLC increased its position in Navigator by 3,242.3% during the second quarter. Lazard Asset Management LLC now owns 70,689 shares of the shipping company's stock valued at $1,000,000 after acquiring an additional 68,574 shares during the last quarter. Encompass Capital Advisors LLC increased its position in Navigator by 7.4% during the second quarter. Encompass Capital Advisors LLC now owns 1,437,201 shares of the shipping company's stock valued at $20,336,000 after acquiring an additional 99,326 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Navigator by 19.5% during the second quarter. BNP Paribas Financial Markets now owns 71,548 shares of the shipping company's stock valued at $1,012,000 after acquiring an additional 11,669 shares during the last quarter. Institutional investors own 18.95% of the company's stock.

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.

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