Stock analysts at Jefferies Group assumed coverage on shares of Navigator (NYSE:NVGS) in a research report issued on Monday. The firm set a “buy” rating and a $15.00 price target on the shipping company’s stock. Jefferies Group’s price target would indicate a potential upside of 50.00% from the company’s previous close.

NVGS has been the subject of several other research reports. BidaskClub lowered Navigator from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Maxim Group set a $17.00 target price on Navigator and gave the company a “buy” rating in a research report on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and set a $16.00 target price on shares of Navigator in a research report on Thursday, August 31st. Finally, Zacks Investment Research lowered Navigator from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Three investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.60.

Navigator (NYSE:NVGS) opened at $10.00 on Monday. Navigator has a 12-month low of $7.00 and a 12-month high of $14.75. The stock has a market capitalization of $555.32, a P/E ratio of 38.46, a price-to-earnings-growth ratio of 7.29 and a beta of 1.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.93 and a current ratio of 1.00.

Navigator (NYSE:NVGS) last announced its earnings results on Wednesday, November 8th. The shipping company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.04). Navigator had a net margin of 3.88% and a return on equity of 1.49%. The business had revenue of $70.21 million for the quarter, compared to analysts’ expectations of $59.65 million. During the same quarter last year, the firm earned $0.12 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. equities research analysts forecast that Navigator will post 0.15 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Gagnon Securities LLC boosted its holdings in shares of Navigator by 33.7% in the third quarter. Gagnon Securities LLC now owns 774,072 shares of the shipping company’s stock valued at $8,592,000 after purchasing an additional 195,181 shares during the period. Stifel Financial Corp raised its stake in Navigator by 12.4% in the third quarter. Stifel Financial Corp now owns 100,415 shares of the shipping company’s stock worth $1,116,000 after buying an additional 11,100 shares in the last quarter. Wells Fargo & Company MN raised its stake in Navigator by 50.9% in the third quarter. Wells Fargo & Company MN now owns 310,341 shares of the shipping company’s stock worth $3,445,000 after buying an additional 104,731 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Navigator by 13.0% in the third quarter. Oppenheimer & Co. Inc. now owns 1,930,167 shares of the shipping company’s stock worth $21,425,000 after buying an additional 222,460 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Navigator by 22.1% in the third quarter. Russell Investments Group Ltd. now owns 50,368 shares of the shipping company’s stock worth $559,000 after buying an additional 9,101 shares in the last quarter. Hedge funds and other institutional investors own 69.05% of the company’s stock.

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About Navigator

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. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.

Analyst Recommendations for Navigator (NYSE:NVGS)

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