Navigator Holdings Ltd. (NYSE:NVGS) Given Average Rating of "Buy" by Brokerages

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

Several brokerages recently commented on NVGS. StockNews.com raised Navigator from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. Jefferies Financial Group reissued a "buy" rating and set a $20.00 target price on shares of Navigator in a research report on Friday, November 22nd. Clarkson Capital upgraded shares of Navigator from a "neutral" rating to a "buy" rating and set a $20.00 target price for the company in a research note on Thursday, August 22nd. DNB Markets started coverage on shares of Navigator in a research note on Thursday, September 12th. They set a "buy" rating and a $22.00 price target on the stock. Finally, Alliance Global Partners assumed coverage on shares of Navigator in a research report on Monday, October 28th. They issued a "buy" rating and a $24.00 price objective for the company.

Navigator Stock Down 0.7 %

NYSE NVGS traded down $0.11 during trading hours on Tuesday, hitting $14.87. The company had a trading volume of 164,860 shares, compared to its average volume of 197,820. The firm's 50 day moving average is $15.80 and its 200 day moving average is $16.23. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.03 and a beta of 1.47. Navigator has a fifty-two week low of $14.47 and a fifty-two 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.

Navigator Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, November 25th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.20 annualized dividend and a yield of 1.34%. Navigator's dividend payout ratio is presently 17.70%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new position in shares of Navigator during the second quarter worth about $38,000. Quarry LP acquired a new stake in Navigator during the second quarter valued at approximately $48,000. Millburn Ridgefield Corp acquired a new position in shares of Navigator in the 3rd quarter worth approximately $92,000. SG Americas Securities LLC increased its stake in Navigator by 9.1% during the third quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company's stock valued at $132,000 after purchasing an additional 684 shares during the last quarter. Finally, Perkins Coie Trust Co grew its position in shares of Navigator by 66.7% during the 3rd quarter. Perkins Coie Trust Co now owns 10,000 shares of the shipping company's stock valued at $161,000 after buying an additional 4,000 shares during the last quarter. 18.95% of the stock is owned by institutional investors and hedge funds.

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.