Navigator Holdings Ltd. (NYSE:NVGS) Receives $21.60 Average PT from Analysts

Navigator Holdings Ltd. (NYSE:NVGS - Get Free Report) has earned an average recommendation of "Buy" from the five brokerages that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $21.60.

A number of research analysts have commented on NVGS shares. Jefferies Financial Group restated a "buy" rating and set a $20.00 price target on shares of Navigator in a research note on Thursday, November 7th. Clarkson Capital raised Navigator from a "neutral" rating to a "buy" rating and set a $20.00 price objective for the company in a report on Thursday, August 22nd. DNB Markets initiated coverage on Navigator in a research note on Thursday, September 12th. They issued a "buy" rating and a $22.00 price objective on the stock. Alliance Global Partners began coverage on 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 Navigator from a "hold" rating to a "buy" rating in a report on Friday, November 8th.

Hedge Funds Weigh In On Navigator

Several institutional investors have recently modified their holdings of NVGS. Graham Capital Wealth Management LLC acquired a new position in Navigator during the third quarter valued at approximately $3,444,000. Sei Investments Co. increased its stake in shares of Navigator by 108.6% in the second quarter. Sei Investments Co. now owns 70,256 shares of the shipping company's stock valued at $1,227,000 after buying an additional 36,571 shares in the last quarter. Evergreen Capital Management LLC increased its position in Navigator by 266.1% in the second quarter. Evergreen Capital Management LLC now owns 42,995 shares of the shipping company's stock worth $751,000 after purchasing an additional 31,250 shares during the period. Moors & Cabot Inc. acquired a new stake in Navigator in the third quarter worth about $1,210,000. Finally, Acadian Asset Management LLC boosted its holdings in Navigator by 32.8% during the second quarter. Acadian Asset Management LLC now owns 1,442,150 shares of the shipping company's stock worth $25,146,000 after buying an additional 356,134 shares during the last quarter. Institutional investors own 18.95% of the company's stock.

Navigator Stock Up 2.1 %

NYSE NVGS traded up $0.33 on Friday, hitting $16.25. 125,575 shares of the stock traded hands, compared to its average volume of 199,339. The stock has a 50-day moving average of $16.02 and a 200 day moving average of $16.37. Navigator has a twelve month low of $13.85 and a twelve month high of $18.18. The company has a market capitalization of $1.19 billion, a P/E ratio of 14.08 and a beta of 1.50. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45.

Navigator Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, November 25th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Monday, November 25th. Navigator's payout ratio 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.