ValuEngine Upgrades Navigator (NYSE:NVGS) to “Hold”

ValuEngine upgraded shares of Navigator (NYSE:NVGS) from a sell rating to a hold rating in a report published on Thursday, ValuEngine reports.

Other research analysts also recently issued reports about the company. Wells Fargo & Co raised Navigator from a market perform rating to an outperform rating and raised their price objective for the company from $13.50 to $15.00 in a research note on Thursday, July 25th. Zacks Investment Research raised Navigator from a strong sell rating to a hold rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $14.50.

Shares of Navigator stock remained flat at $$10.12 during trading on Thursday. The stock had a trading volume of 56,567 shares, compared to its average volume of 94,742. The stock has a market capitalization of $563.28 million, a P/E ratio of -202.40 and a beta of 1.05. The company has a quick ratio of 0.96, a current ratio of 1.07 and a debt-to-equity ratio of 0.83. Navigator has a fifty-two week low of $8.70 and a fifty-two week high of $12.85. The company’s fifty day simple moving average is $9.92.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Royce & Associates LP boosted its stake in Navigator by 3.3% in the 1st quarter. Royce & Associates LP now owns 1,056,173 shares of the shipping company’s stock valued at $11,618,000 after buying an additional 33,500 shares in the last quarter. Gagnon Securities LLC boosted its stake in Navigator by 2.0% in the 1st quarter. Gagnon Securities LLC now owns 958,306 shares of the shipping company’s stock valued at $10,541,000 after buying an additional 18,613 shares in the last quarter. Northern Trust Corp boosted its stake in Navigator by 1.5% in the 4th quarter. Northern Trust Corp now owns 507,891 shares of the shipping company’s stock valued at $4,775,000 after buying an additional 7,536 shares in the last quarter. Minerva Advisors LLC boosted its stake in Navigator by 3.1% in the 2nd quarter. Minerva Advisors LLC now owns 400,881 shares of the shipping company’s stock valued at $3,752,000 after buying an additional 11,947 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Navigator by 67.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 350,980 shares of the shipping company’s stock valued at $3,285,000 after buying an additional 140,897 shares in the last quarter. 68.97% of the stock is currently owned by institutional investors.

About Navigator

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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