Navigator (NYSE:NVGS) Earns Buy Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Navigator (NYSE:NVGSGet Rating) in a research report issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the shipping company’s stock.

A number of other brokerages also recently issued reports on NVGS. StockNews.com started coverage on Navigator in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research downgraded Navigator from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 30th.

Shares of NVGS stock opened at $12.41 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $693.64 million, a price-to-earnings ratio of -27.58 and a beta of 2.15. Navigator has a twelve month low of $7.84 and a twelve month high of $14.21. The stock has a fifty day simple moving average of $11.68 and a two-hundred day simple moving average of $9.89.

Navigator (NYSE:NVGSGet Rating) last posted its earnings results on Thursday, March 10th. The shipping company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). The company had revenue of $107.52 million for the quarter, compared to analyst estimates of $96.47 million. Navigator had a positive return on equity of 2.65% and a negative net margin of 9.20%. Research analysts predict that Navigator will post 1.2 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in NVGS. Morgan Stanley raised its holdings in shares of Navigator by 2.3% in the 2nd quarter. Morgan Stanley now owns 494,842 shares of the shipping company’s stock valued at $5,418,000 after buying an additional 11,326 shares during the period. Wellington Shields & Co. LLC raised its holdings in shares of Navigator by 10.1% in the 3rd quarter. Wellington Shields & Co. LLC now owns 33,964 shares of the shipping company’s stock valued at $302,000 after buying an additional 3,115 shares during the period. Gabelli Funds LLC increased its holdings in Navigator by 5.3% during the 3rd quarter. Gabelli Funds LLC now owns 100,053 shares of the shipping company’s stock worth $890,000 after purchasing an additional 5,000 shares during the period. Gamco Investors INC. ET AL increased its holdings in Navigator by 18.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 430,501 shares of the shipping company’s stock worth $3,831,000 after purchasing an additional 67,000 shares during the period. Finally, Teton Advisors Inc. increased its holdings in Navigator by 21.4% during the 3rd quarter. Teton Advisors Inc. now owns 91,043 shares of the shipping company’s stock worth $810,000 after purchasing an additional 16,043 shares during the period. 33.26% of the stock is currently owned by institutional investors and hedge funds.

About Navigator (Get Rating)

Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of December 31, 2020, it operated a fleet of 38 semi- or fully-refrigerated liquefied gas carriers.

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