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

Navigator Holdings Ltd. (NYSE:NVGS) has been assigned an average rating of “Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $21.60.

NVGS has been the topic of several analyst reports. StockNews.com raised shares of Navigator from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group restated a “buy” rating and set a $20.00 price target on shares of Navigator in a report on Friday, November 22nd. DNB Markets began coverage on Navigator in a research note on Thursday, September 12th. They issued a “buy” rating and a $22.00 price target for the company. Alliance Global Partners started coverage on shares of Navigator in a report on Monday, October 28th. They issued a “buy” rating and a $24.00 price objective for the company. Finally, Clarkson Capital upgraded shares of Navigator from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Thursday, August 22nd.

Hedge Funds Weigh In On Navigator

A number of large investors have recently added to or reduced their stakes in NVGS. Point72 Asset Management L.P. acquired a new stake in Navigator in the 2nd quarter valued at approximately $38,000. Quarry LP bought a new stake in shares of Navigator in the second quarter worth $48,000. Millburn Ridgefield Corp acquired a new position in Navigator during the third quarter worth $92,000. Perkins Coie Trust Co bought a new position in Navigator in the second quarter valued at $105,000. Finally, SG Americas Securities LLC lifted its position in Navigator by 9.1% during the 3rd quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock worth $132,000 after buying an additional 684 shares in the last quarter. Institutional investors own 18.95% of the company’s stock.

Navigator Stock Performance

Shares of NYSE:NVGS opened at $15.72 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75. Navigator has a one year low of $13.85 and a one year high of $18.18. The business’s 50-day simple moving average is $16.01 and its 200 day simple moving average is $16.36. The company has a market cap of $1.15 billion, a P/E ratio of 13.91 and a beta of 1.50.

Navigator Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, November 25th. This represents a $0.20 annualized dividend and a yield of 1.27%. Navigator’s dividend payout ratio (DPR) is currently 17.70%.

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.