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

Shares of Navigator Holdings Ltd. (NYSE:NVGS) have been given an average recommendation of “Buy” by the five analysts that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $21.60.

NVGS has been the topic of a number of research analyst reports. Alliance Global Partners started coverage on Navigator in a research report on Monday, October 28th. They issued a “buy” rating and a $24.00 target price on the stock. DNB Markets began coverage on Navigator in a research note on Thursday, September 12th. They set a “buy” rating and a $22.00 target price for the company. Clarkson Capital raised 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. Citigroup began coverage on Navigator in a research note on Wednesday, July 31st. They set a “buy” rating and a $22.00 target price for the company. Finally, Jefferies Financial Group reissued a “buy” rating and set a $20.00 target price on shares of Navigator in a research note on Friday, November 22nd.

Navigator Stock Performance

Shares of Navigator stock opened at $15.64 on Friday. Navigator has a one year low of $13.85 and a one year 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. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 13.84 and a beta of 1.50. The business’s 50 day moving average price is $16.03 and its 200 day moving average price is $16.38.

Navigator Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Monday, November 25th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.20 annualized dividend and a dividend yield of 1.28%. Navigator’s dividend payout ratio is currently 17.70%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its position in shares of Navigator by 32.8% during the 2nd quarter. Acadian Asset Management LLC now owns 1,442,150 shares of the shipping company’s stock worth $25,146,000 after acquiring an additional 356,134 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of Navigator during the 2nd quarter worth about $23,571,000. Royce & Associates LP boosted its position in shares of Navigator by 0.7% during the 3rd quarter. Royce & Associates LP now owns 898,403 shares of the shipping company’s stock worth $14,437,000 after acquiring an additional 6,250 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Navigator by 15.8% during the 2nd quarter. Renaissance Technologies LLC now owns 787,700 shares of the shipping company’s stock worth $13,753,000 after acquiring an additional 107,300 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Navigator by 14.4% during the 2nd quarter. Millennium Management LLC now owns 661,288 shares of the shipping company’s stock worth $11,546,000 after acquiring an additional 83,344 shares in 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.