Brokerages Set Navigator Holdings Ltd. (NYSE:NVGS) PT at $21.60

Navigator Holdings Ltd. (NYSE:NVGS) has been assigned an average recommendation of “Buy” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued a report on the stock in the last year is $21.60.

A number of analysts have commented on NVGS shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Navigator in a research report on Friday, November 22nd. Alliance Global Partners started coverage on Navigator in a report on Monday, October 28th. They issued a “buy” rating and a $24.00 target price for the company. Finally, StockNews.com upgraded Navigator from a “hold” rating to a “buy” rating in a report on Friday, November 8th.

Navigator Stock Up 0.5 %

Shares of NYSE:NVGS opened at $16.77 on Wednesday. The business has a fifty day simple moving average of $16.00 and a 200 day simple moving average of $15.99. Navigator has a 12-month low of $14.55 and a 12-month high of $18.18. The firm has a market cap of $1.23 billion, a P/E ratio of 14.84 and a beta of 1.45. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45.

Hedge Funds Weigh In On Navigator

A number of hedge funds have recently bought and sold shares of NVGS. Millennium Management LLC boosted its holdings in 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 during the last quarter. SG Americas Securities LLC grew its position in Navigator by 9.1% in the 3rd quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock worth $132,000 after purchasing an additional 684 shares in the last quarter. Perkins Coie Trust Co grew its position in Navigator by 66.7% in the 3rd quarter. Perkins Coie Trust Co now owns 10,000 shares of the shipping company’s stock worth $161,000 after purchasing an additional 4,000 shares in the last quarter. Tectonic Advisors LLC grew its position in Navigator by 3.5% in the 3rd quarter. Tectonic Advisors LLC now owns 63,900 shares of the shipping company’s stock worth $1,027,000 after purchasing an additional 2,152 shares in the last quarter. Finally, Graham Capital Wealth Management LLC purchased a new stake in shares of Navigator during the third quarter valued at approximately $3,444,000. 18.95% of the stock is owned by hedge funds and other institutional investors.

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.