Brokerages Set Navigator Holdings Ltd. (NYSE:NVGS) PT at $21.50

Shares of Navigator Holdings Ltd. (NYSE:NVGS) have received an average rating of “Moderate Buy” from the five analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $21.50.

Several brokerages recently weighed in on NVGS. Weiss Ratings reiterated a “buy (b)” rating on shares of Navigator in a research report on Monday, December 29th. Jefferies Financial Group reiterated a “buy” rating and set a $19.00 price target on shares of Navigator in a report on Wednesday, November 5th. Zacks Research downgraded Navigator from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. Wall Street Zen cut shares of Navigator from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Finally, Pareto Securities began coverage on shares of Navigator in a research report on Tuesday, December 9th. They set a “buy” rating for the company.

Navigator Price Performance

Shares of NVGS stock opened at $20.13 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.18 and a quick ratio of 1.14. The company has a market capitalization of $1.40 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 1.09 and a beta of 0.40. The firm’s 50-day moving average is $18.21 and its two-hundred day moving average is $17.07. Navigator has a 12 month low of $10.55 and a 12 month high of $20.22.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Encompass Capital Advisors LLC grew its stake in shares of Navigator by 7.4% in 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 buying an additional 99,326 shares in the last quarter. First Manhattan CO. LLC. boosted its holdings in Navigator by 27.8% during the 4th quarter. First Manhattan CO. LLC. now owns 1,430,009 shares of the shipping company’s stock valued at $24,768,000 after acquiring an additional 311,259 shares during the period. First Eagle Investment Management LLC grew its position in Navigator by 1.1% in the 3rd quarter. First Eagle Investment Management LLC now owns 697,119 shares of the shipping company’s stock valued at $10,798,000 after acquiring an additional 7,574 shares in the last quarter. Hodges Capital Management Inc. increased its stake in Navigator by 31.1% during the fourth quarter. Hodges Capital Management Inc. now owns 553,323 shares of the shipping company’s stock worth $9,584,000 after purchasing an additional 131,351 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Navigator by 16.4% during the first quarter. Millennium Management LLC now owns 542,756 shares of the shipping company’s stock worth $7,224,000 after purchasing an additional 76,287 shares in the last quarter. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Navigator Company Profile

Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company’s fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator’s vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.

Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).