Several other analysts have also recently commented on the company. ValuEngine cut Navigator from a buy rating to a hold rating in a report on Thursday, December 20th. Zacks Investment Research upgraded Navigator from a strong sell rating to a hold rating in a report on Wednesday, October 24th. Finally, Morgan Stanley set a $13.00 target price on Navigator and gave the stock a hold rating in a report on Wednesday, November 14th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $14.50.
Navigator stock opened at $9.27 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.94 and a quick ratio of 0.84. Navigator has a 52-week low of $8.70 and a 52-week high of $13.55. The firm has a market cap of $547.10 million, a price-to-earnings ratio of 57.94 and a beta of 1.27.
Navigator (NYSE:NVGS) last released its quarterly earnings data on Monday, November 12th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03. Navigator had a negative return on equity of 0.04% and a negative net margin of 0.14%. The firm had revenue of $80.80 million during the quarter, compared to analyst estimates of $60.88 million. During the same period in the prior year, the company posted ($0.02) earnings per share. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. Equities analysts anticipate that Navigator will post 0.01 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. First Republic Investment Management Inc. bought a new position in Navigator in the second quarter valued at about $136,000. Paloma Partners Management Co bought a new position in Navigator in the second quarter valued at about $150,000. California Public Employees Retirement System boosted its holdings in Navigator by 34.0% in the second quarter. California Public Employees Retirement System now owns 20,766 shares of the shipping company’s stock valued at $263,000 after acquiring an additional 5,266 shares during the last quarter. Millennium Management LLC boosted its holdings in Navigator by 22.3% in the second quarter. Millennium Management LLC now owns 89,984 shares of the shipping company’s stock valued at $1,138,000 after acquiring an additional 16,427 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Navigator by 117.7% in the second quarter. Renaissance Technologies LLC now owns 125,200 shares of the shipping company’s stock valued at $1,584,000 after acquiring an additional 67,700 shares during the last quarter. Institutional investors and hedge funds own 70.51% of the company’s stock.
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.
Read More: Front-End Load
Receive News & Ratings for Navigator Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navigator and related companies with MarketBeat.com's FREE daily email newsletter.