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

Shares of Navigator Holdings Ltd. (NYSE:NVGS) have received a consensus rating of “Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.60.

A number of equities analysts recently commented on the company. DNB Markets started coverage on Navigator in a research note on Thursday, September 12th. They set a “buy” rating and a $22.00 price target for the company. Jefferies Financial Group reissued a “buy” rating and issued a $20.00 target price on shares of Navigator in a report on Friday, November 22nd. Alliance Global Partners assumed coverage on shares of Navigator in a research note on Monday, October 28th. They set a “buy” rating and a $24.00 price target on the stock. Finally, StockNews.com raised shares of Navigator from a “hold” rating to a “buy” rating in a research note on Friday, November 8th.

Institutional Investors Weigh In On Navigator

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC raised its position in Navigator by 9.1% in the 3rd quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock worth $132,000 after purchasing an additional 684 shares during the period. Quarry LP lifted its stake 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 acquiring an additional 1,661 shares during the last quarter. Barclays PLC lifted its stake in shares of Navigator by 10.7% during the 3rd quarter. Barclays PLC now owns 19,640 shares of the shipping company’s stock worth $316,000 after acquiring an additional 1,895 shares during the last quarter. Tectonic Advisors LLC boosted its holdings in Navigator by 3.5% during the 3rd quarter. Tectonic Advisors LLC now owns 63,900 shares of the shipping company’s stock valued at $1,027,000 after acquiring an additional 2,152 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Navigator in the 2nd quarter valued at $38,000. Institutional investors own 18.95% of the company’s stock.

Navigator Stock Up 1.4 %

Shares of NVGS stock opened at $15.14 on Tuesday. The stock has a market cap of $1.11 billion, a P/E ratio of 13.40 and a beta of 1.47. The company’s fifty day simple moving average is $15.67 and its two-hundred day simple moving average is $16.15. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45. Navigator has a 52 week low of $14.47 and a 52 week high of $18.18.

Navigator Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, November 25th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.32%. The ex-dividend date was Monday, November 25th. Navigator’s payout ratio is 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.