Navigator Holdings Ltd. (NYSE:NVGS) Receives $21.60 Consensus Price Target from Brokerages

Navigator Holdings Ltd. (NYSE:NVGS - Get Free Report) has been given a consensus recommendation of "Buy" by the five analysts that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $21.60.

NVGS has been the topic of several recent research reports. Jefferies Financial Group reiterated a "buy" rating and issued a $20.00 price target on shares of Navigator in a report on Friday, November 22nd. Alliance Global Partners assumed coverage on shares of Navigator in a research report on Monday, October 28th. They set a "buy" rating and a $24.00 target price 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 Trading of Navigator

A number of hedge funds have recently modified their holdings of NVGS. Point72 Asset Management L.P. acquired a new position in Navigator in the second quarter valued at about $38,000. Quarry LP acquired a new position in shares of Navigator in the 2nd quarter valued at approximately $48,000. Millburn Ridgefield Corp acquired a new position in shares of Navigator in the 3rd quarter valued at approximately $92,000. SG Americas Securities LLC raised its holdings 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 during the period. Finally, Perkins Coie Trust Co raised its holdings in Navigator by 66.7% during the 3rd quarter. Perkins Coie Trust Co now owns 10,000 shares of the shipping company's stock worth $161,000 after buying an additional 4,000 shares during the period. 18.95% of the stock is currently owned by institutional investors and hedge funds.

Navigator Trading Up 3.6 %

NVGS traded up $0.59 during mid-day trading on Friday, reaching $17.05. The stock had a trading volume of 388,494 shares, compared to its average volume of 233,532. The firm's fifty day simple moving average is $15.65 and its two-hundred day simple moving average is $16.08. The stock has a market capitalization of $1.25 billion, a P/E ratio of 15.09 and a beta of 1.46. Navigator has a 52 week low of $14.55 and a 52 week 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.

Navigator Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, November 25th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.20 annualized dividend and a dividend yield of 1.17%. Navigator's payout ratio is currently 17.70%.

About Navigator

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.