Navigator (NVGS) Downgraded by Zacks Investment Research

Navigator (NYSE:NVGS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday, Zacks.com reports.

According to Zacks, “Navigator Holdings Ltd. provides international seaborne transportation and regional distribution services of liquefied petroleum gas, petrochemical gases and ammonia for energy companies, industrial users and commodity traders. Navigator Holdings Ltd. is based in London, the United Kingdom. “

Other equities research analysts also recently issued reports about the company. Maxim Group reaffirmed a “buy” rating and set a $16.00 price target on shares of Navigator in a research report on Tuesday, April 2nd. ValuEngine raised Navigator from a “sell” rating to a “hold” rating in a research report on Tuesday, February 19th. Finally, Morgan Stanley raised Navigator from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $13.00 to $14.00 in a research report on Friday, February 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $14.33.

NYSE NVGS opened at $10.16 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.04 and a current ratio of 1.07. Navigator has a 1 year low of $8.70 and a 1 year high of $13.55. The firm has a market capitalization of $566.04 million, a P/E ratio of -203.20 and a beta of 1.15.

Navigator (NYSE:NVGS) last announced its quarterly earnings results on Monday, May 13th. The shipping company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.10). The company had revenue of $76.10 million for the quarter, compared to analyst estimates of $67.73 million. Navigator had a negative return on equity of 0.72% and a negative net margin of 3.14%. Navigator’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 earnings per share. On average, analysts expect that Navigator will post 0.19 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Cutler Group LP boosted its stake in shares of Navigator by 1,100.0% during the 4th quarter. Cutler Group LP now owns 3,000 shares of the shipping company’s stock worth $28,000 after acquiring an additional 3,300 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Navigator by 44.6% during the 4th quarter. Deutsche Bank AG now owns 7,406 shares of the shipping company’s stock worth $69,000 after acquiring an additional 2,286 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Navigator during the 4th quarter worth about $98,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Navigator during the 1st quarter worth about $126,000. Finally, Osborn Williams & Donohoe LLC purchased a new stake in shares of Navigator during the 1st quarter worth about $132,000. 69.40% of the stock is currently owned by institutional investors and hedge funds.

Navigator Company Profile

Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of December 31, 2017, it owned and operated a fleet of 38 vessels.

Further Reading: Buyback

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