Navigator (NYSE:NVGS) Given Buy Rating at Jefferies Financial Group

Navigator (NYSE:NVGS)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $20.00 price objective on the shipping company’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 44.09% from the company’s previous close.

Navigator Stock Up 0.7 %

Navigator stock traded up $0.09 during mid-day trading on Wednesday, hitting $13.88. The company’s stock had a trading volume of 213,709 shares, compared to its average volume of 210,899. The company has a market cap of $1.02 billion, a PE ratio of 12.28 and a beta of 1.39. Navigator has a 52-week low of $13.55 and a 52-week high of $18.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71. The firm’s 50 day moving average is $16.08 and its 200 day moving average is $15.91.

Navigator (NYSE:NVGS) last announced its quarterly earnings data on Wednesday, March 12th. The shipping company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Navigator had a net margin of 14.48% and a return on equity of 7.40%. On average, analysts anticipate that Navigator will post 1.25 earnings per share for the current year.

Institutional Investors Weigh In On Navigator

Large investors have recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Navigator in the fourth quarter valued at approximately $31,000. New Age Alpha Advisors LLC bought a new stake in Navigator in the fourth quarter valued at about $38,000. Quarry LP lifted its position in shares of Navigator by 61.0% during the 3rd quarter. Quarry LP now owns 4,383 shares of the shipping company’s stock worth $70,000 after buying an additional 1,661 shares during the period. Millburn Ridgefield Corp acquired a new stake in Navigator in the 3rd quarter valued at $92,000. Finally, LPL Financial LLC raised its stake in Navigator by 18.5% during the fourth quarter. LPL Financial LLC now owns 12,638 shares of the shipping company’s stock worth $194,000 after acquiring an additional 1,976 shares in the last quarter. 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.