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

Shares of Navigator Holdings Ltd. (NYSE:NVGS) have received an average recommendation of “Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $21.60.

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

Hedge Funds Weigh In On Navigator

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new stake in shares of Navigator during the 2nd quarter valued at about $38,000. Quarry LP purchased a new stake in shares of Navigator during the 2nd quarter valued at about $48,000. Millburn Ridgefield Corp purchased a new stake in shares of Navigator during the 3rd quarter valued at about $92,000. SG Americas Securities LLC increased its position in shares of Navigator by 9.1% during the 3rd quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock valued at $132,000 after purchasing an additional 684 shares during the last quarter. Finally, Perkins Coie Trust Co increased its position in shares of Navigator by 66.7% during the 3rd quarter. Perkins Coie Trust Co now owns 10,000 shares of the shipping company’s stock valued at $161,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 18.95% of the company’s stock.

Navigator Stock Performance

Shares of NVGS stock opened at $17.00 on Friday. Navigator has a 12 month low of $14.55 and a 12 month high of $18.18. The stock has a market cap of $1.24 billion, a PE ratio of 15.04 and a beta of 1.46. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. The company’s fifty day moving average price is $15.68 and its 200-day moving average price is $16.07.

Navigator Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, November 25th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Monday, November 25th. Navigator’s payout ratio is 17.70%.

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.