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

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

A number of research analysts have recently issued reports on NVGS shares. DNB Markets initiated coverage on shares of Navigator in a research note on Thursday, September 12th. They issued a “buy” rating and a $22.00 target price for the company. StockNews.com upgraded Navigator from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Alliance Global Partners started coverage on Navigator in a research note on Monday, October 28th. They set a “buy” rating and a $24.00 price target on the stock. Jefferies Financial Group reissued a “buy” rating and set a $20.00 price objective on shares of Navigator in a report on Friday, November 22nd. Finally, Clarkson Capital raised shares of Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, August 22nd.

Navigator Stock Down 0.9 %

NVGS stock opened at $14.76 on Tuesday. The business’s 50-day simple moving average is $15.71 and its 200 day simple moving average is $16.19. The company has a market cap of $1.08 billion, a PE ratio of 13.06 and a beta of 1.47. Navigator has a twelve month low of $14.47 and a twelve month high of $18.18. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45.

Navigator Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, November 25th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.20 dividend on an annualized basis and a yield of 1.36%. Navigator’s payout ratio is 17.70%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Hodges Capital Management Inc. boosted its holdings in Navigator by 4.0% in the 2nd quarter. Hodges Capital Management Inc. now owns 543,273 shares of the shipping company’s stock valued at $9,486,000 after purchasing an additional 20,738 shares during the period. Acadian Asset Management LLC increased its stake in shares of Navigator by 32.8% in the second quarter. Acadian Asset Management LLC now owns 1,442,150 shares of the shipping company’s stock valued at $25,146,000 after buying an additional 356,134 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in Navigator by 28.4% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 37,515 shares of the shipping company’s stock worth $655,000 after acquiring an additional 8,309 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in 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 buying an additional 107,300 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in Navigator by 3.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 560,038 shares of the shipping company’s stock worth $9,778,000 after acquiring an additional 20,500 shares during the period. 18.95% of the stock is owned by 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.