Navigator Holdings Ltd. (NYSE:NVGS) Receives $21.60 Average Price Target from Brokerages

Navigator Holdings Ltd. (NYSE:NVGS) has been given a consensus recommendation of “Buy” by the five ratings firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have covered the stock in the last year is $21.60.

Several research firms have recently weighed in on NVGS. DNB Markets started coverage on Navigator in a report on Thursday, September 12th. They set a “buy” rating and a $22.00 price target on the stock. Jefferies Financial Group restated a “buy” rating and set a $20.00 price target on shares of Navigator in a research note on Friday, November 22nd. Alliance Global Partners initiated coverage on shares of Navigator in a research note on Monday, October 28th. They issued a “buy” rating and a $24.00 price objective on the stock. Finally, StockNews.com upgraded shares of Navigator from a “hold” rating to a “buy” rating in a research report on Friday, November 8th.

Navigator Stock Up 1.4 %

Shares of Navigator stock opened at $15.14 on Tuesday. Navigator has a twelve month low of $14.47 and a twelve month high of $18.18. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average is $15.67 and its 200 day moving average is $16.15. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 13.40 and a beta of 1.47.

Navigator Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, November 25th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.32%. Navigator’s dividend payout ratio (DPR) is presently 17.70%.

Hedge Funds Weigh In On Navigator

Several large investors have recently added to or reduced their stakes in the company. Graham Capital Wealth Management LLC bought a new stake in shares of Navigator during the 3rd quarter valued at $3,444,000. Sei Investments Co. raised its holdings in Navigator by 108.6% during the second quarter. Sei Investments Co. now owns 70,256 shares of the shipping company’s stock valued at $1,227,000 after acquiring an additional 36,571 shares during the period. Moors & Cabot Inc. purchased a new position in shares of Navigator in the third quarter valued at about $1,210,000. Evergreen Capital Management LLC boosted its stake in shares of 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 during the period. Finally, Acadian Asset Management LLC grew its position in shares of Navigator by 32.8% during the second quarter. Acadian Asset Management LLC now owns 1,442,150 shares of the shipping company’s stock worth $25,146,000 after purchasing an additional 356,134 shares in the last quarter. Hedge funds and other 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.