Navigator Holdings Ltd. (NYSE:NVGS) Receives $21.60 Average PT from Analysts

Shares of Navigator Holdings Ltd. (NYSE:NVGS) have received an average rating of “Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $21.60.

Several equities research analysts recently weighed in on the stock. Alliance Global Partners assumed coverage on shares of Navigator in a research report on Monday, October 28th. They set a “buy” rating and a $24.00 price objective for the company. StockNews.com upgraded shares of Navigator from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $20.00 price target on shares of Navigator in a research report on Friday, November 22nd.

Navigator Trading Up 0.5 %

NVGS stock opened at $16.77 on Wednesday. Navigator has a 52 week low of $14.55 and a 52 week high of $18.18. The company’s 50-day simple moving average is $16.00 and its 200 day simple moving average is $15.99. The company has a market capitalization of $1.23 billion, a PE ratio of 14.84 and a beta of 1.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75.

Hedge Funds Weigh In On Navigator

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its holdings in shares of Navigator by 14.4% during the 2nd quarter. Millennium Management LLC now owns 661,288 shares of the shipping company’s stock valued at $11,546,000 after acquiring an additional 83,344 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Navigator by 9.1% during the 3rd quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock valued at $132,000 after acquiring an additional 684 shares in the last quarter. Perkins Coie Trust Co boosted its holdings in shares of Navigator by 66.7% during the 3rd quarter. Perkins Coie Trust Co now owns 10,000 shares of the shipping company’s stock valued at $161,000 after acquiring an additional 4,000 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of Navigator by 3.5% during the third quarter. Tectonic Advisors LLC now owns 63,900 shares of the shipping company’s stock worth $1,027,000 after purchasing an additional 2,152 shares during the last quarter. Finally, Graham Capital Wealth Management LLC bought a new stake in shares of Navigator during the third quarter worth about $3,444,000. 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.