Published On: Tue, Sep 13th, 2016

Jefferies Group Reiterates “Buy” Rating for Navigator Holdings Ltd. (NVGS)

Navigator Holdings Ltd. (NYSE:NVGS)‘s stock had its “buy” rating restated by analysts at Jefferies Group in a report issued on Monday.
NVGS has been the topic of a number of other reports. Morgan Stanley downgraded shares of Navigator Holdings from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $14.50 to $7.00 in a research note on Thursday, August 25th. Stifel Nicolaus dropped their price objective on shares of Navigator Holdings from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $13.33.
Shares of Navigator Holdings (NYSE:NVGS) traded up 0.59% during midday trading on Monday, hitting $6.79. 221,493 shares of the stock were exchanged. The stock has a market cap of $376.42 million, a price-to-earnings ratio of 4.85 and a beta of 1.17. Navigator Holdings has a 12 month low of $6.49 and a 12 month high of $17.67. The firm’s 50-day moving average is $8.39 and its 200-day moving average is $12.77.

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Navigator Holdings (NYSE:NVGS) last released its quarterly earnings data on Monday, August 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.04. Navigator Holdings had a net margin of 25.18% and a return on equity of 8.42%. The business had revenue of $72.54 million for the quarter, compared to the consensus estimate of $70.75 million. During the same quarter in the prior year, the business posted $0.49 earnings per share. Navigator Holdings’s revenue for the quarter was down 13.8% on a year-over-year basis. Equities research analysts predict that Navigator Holdings will post $0.82 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Huntington Asset Advisors Inc. purchased a new stake in Navigator Holdings during the first quarter worth approximately $123,000. Acadian Asset Management LLC boosted its stake in Navigator Holdings by 357.9% in the second quarter. Acadian Asset Management LLC now owns 10,778 shares of the company’s stock worth $124,000 after buying an additional 8,424 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new stake in Navigator Holdings during the second quarter worth approximately $138,000. HBK Investments L P purchased a new stake in Navigator Holdings during the first quarter worth approximately $252,000. Finally, A.R.T. Advisors LLC purchased a new stake in Navigator Holdings during the first quarter worth approximately $263,000. 75.09% of the stock is owned by institutional investors.
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. The Company’s fleet consists of over 40 vessels, including eight newbuilding vessels.

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