Navigator Holdings Ltd. (NYSE:NVGS – Get Rating)'s share price gapped down before the market opened on Friday . The stock had previously closed at $11.42, but opened at $10.79. Navigator shares last traded at $10.58, with a volume of 400 shares traded.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Clarkson Capital restated a "buy" rating on shares of Navigator in a report on Tuesday, June 14th. Jefferies Financial Group started coverage on shares of Navigator in a research note on Wednesday, July 20th. They issued a "buy" rating and a $15.00 target price on the stock. StockNews.com upgraded shares of Navigator from a "hold" rating to a "buy" rating in a research note on Friday, June 3rd. Finally, Stifel Nicolaus boosted their target price on shares of Navigator from $18.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, June 2nd.
Get Navigator alerts:Navigator Trading Down 3.9 %
The stock has a market capitalization of $847.44 million, a PE ratio of 549.27 and a beta of 1.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.90 and a quick ratio of 0.84. The stock's 50 day simple moving average is $11.59 and its two-hundred day simple moving average is $12.11.
Navigator (NYSE:NVGS – Get Rating) last announced its quarterly earnings results on Thursday, August 18th. The shipping company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. Navigator had a net margin of 0.17% and a return on equity of 4.37%. During the same quarter in the previous year, the company posted $0.01 EPS. On average, sell-side analysts expect that Navigator Holdings Ltd. will post 0.79 EPS for the current year.Institutional Trading of Navigator
Institutional investors have recently modified their holdings of the business. MQS Management LLC purchased a new stake in shares of Navigator during the 2nd quarter valued at approximately $115,000. Gunderson Capital Management Inc. purchased a new stake in shares of Navigator during the 2nd quarter valued at approximately $138,000. 1492 Capital Management LLC purchased a new stake in shares of Navigator during the 1st quarter valued at approximately $170,000. PDT Partners LLC increased its holdings in Navigator by 20.4% during the 1st quarter. PDT Partners LLC now owns 14,088 shares of the shipping company's stock worth $172,000 after acquiring an additional 2,388 shares during the period. Finally, Goldman Sachs Group Inc. bought a new stake in Navigator during the 2nd quarter worth approximately $178,000. 24.67% of the stock is currently owned by hedge funds and other institutional investors.
Navigator Company Profile
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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 April 14, 2022, it operated a fleet of 53 semi- or fully-refrigerated liquefied gas carriers.
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