Navigator (NYSE:NVGS) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Navigator (NYSE:NVGS) in a research report released on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $24.00 target price on the shipping company’s stock.

Separately, Jefferies Financial Group restated a “buy” rating and set a $19.00 price objective on shares of Navigator in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Navigator presently has an average rating of “Buy” and a consensus target price of $22.33.

Navigator Price Performance

Navigator stock opened at $16.37 on Thursday. The stock’s fifty day moving average price is $16.17 and its two-hundred day moving average price is $14.57. Navigator has a one year low of $10.55 and a one year high of $17.52. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.59 and a quick ratio of 1.53. The firm has a market cap of $1.14 billion, a PE ratio of 12.89 and a beta of 0.67.

Navigator (NYSE:NVGS) last posted its quarterly earnings data on Tuesday, August 12th. The shipping company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.22). Navigator had a return on equity of 6.56% and a net margin of 15.57%.The company had revenue of $129.64 million for the quarter, compared to the consensus estimate of $126.73 million. As a group, research analysts expect that Navigator will post 1.25 EPS for the current fiscal year.

Navigator Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $0.20 annualized dividend and a yield of 1.2%. Navigator’s payout ratio is presently 15.75%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. lifted its stake in shares of Navigator by 1.4% in the 2nd quarter. Invesco Ltd. now owns 132,508 shares of the shipping company’s stock valued at $1,875,000 after purchasing an additional 1,892 shares during the period. California State Teachers Retirement System bought a new stake in Navigator in the 2nd quarter valued at about $29,000. Legal & General Group Plc bought a new stake in Navigator in the 2nd quarter valued at about $42,000. Tidal Investments LLC increased its position in Navigator by 11.5% in the 2nd quarter. Tidal Investments LLC now owns 29,272 shares of the shipping company’s stock valued at $414,000 after buying an additional 3,023 shares in the last quarter. Finally, Aristides Capital LLC increased its position in Navigator by 21.3% in the 2nd quarter. Aristides Capital LLC now owns 17,708 shares of the shipping company’s stock valued at $251,000 after buying an additional 3,110 shares in the last quarter. 18.95% of the stock is owned by institutional investors and hedge funds.

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.