Navigator Holdings Ltd. (NYSE:NVGS) Receives Average Rating of “Buy” from Analysts

Shares of Navigator Holdings Ltd. (NYSE:NVGS) have been given an average recommendation of “Buy” by the five analysts that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $21.60.

NVGS has been the subject of a number of research reports. Alliance Global Partners assumed coverage on shares of Navigator in a report on Monday, October 28th. They set a “buy” rating and a $24.00 target price for the company. Jefferies Financial Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Navigator in a report on Friday, November 22nd. Finally, StockNews.com raised shares of Navigator from a “hold” rating to a “buy” rating in a research note on Friday, November 8th.

Navigator Stock Down 2.4 %

Shares of NVGS opened at $16.53 on Wednesday. The stock has a 50 day moving average price of $15.98 and a 200 day moving average price of $15.99. Navigator has a one year low of $14.55 and a one year high of $18.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 14.63 and a beta of 1.45.

Hedge Funds Weigh In On Navigator

A number of institutional investors have recently bought and sold shares of NVGS. Y Intercept Hong Kong Ltd raised its position in Navigator by 6.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 26,913 shares of the shipping company’s stock valued at $413,000 after purchasing an additional 1,540 shares during the period. New York State Common Retirement Fund increased its position in shares of Navigator by 12.7% during the 4th quarter. New York State Common Retirement Fund now owns 87,249 shares of the shipping company’s stock worth $1,339,000 after purchasing an additional 9,839 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Navigator by 21.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 52,267 shares of the shipping company’s stock valued at $802,000 after buying an additional 9,160 shares during the period. Harvey Capital Management Inc. acquired a new position in Navigator in the fourth quarter valued at about $2,504,000. Finally, Tectonic Advisors LLC increased its position in shares of Navigator by 5.1% during the fourth quarter. Tectonic Advisors LLC now owns 67,173 shares of the shipping company’s stock valued at $1,031,000 after acquiring an additional 3,273 shares during the last quarter. 18.95% of the stock is owned by hedge funds and other institutional investors.

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.