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

Navigator Holdings Ltd. (NYSE:NVGS) has received a consensus recommendation of “Buy” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $21.60.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NVGS. SG Americas Securities LLC boosted its position in shares of Navigator by 9.1% in the third quarter. SG Americas Securities LLC now owns 8,221 shares of the shipping company’s stock worth $132,000 after buying an additional 684 shares during the period. Quarry LP grew its holdings in Navigator by 61.0% in the 3rd quarter. Quarry LP now owns 4,383 shares of the shipping company’s stock worth $70,000 after buying an additional 1,661 shares in the last quarter. Barclays PLC increased its stake in shares of Navigator by 10.7% during the third quarter. Barclays PLC now owns 19,640 shares of the shipping company’s stock valued at $316,000 after acquiring an additional 1,895 shares during the period. Tectonic Advisors LLC boosted its position in shares of Navigator by 3.5% during the 3rd quarter. Tectonic Advisors LLC now owns 63,900 shares of the shipping company’s stock valued at $1,027,000 after purchasing an additional 2,152 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Navigator during the second quarter valued at $38,000. Hedge funds and other institutional investors own 18.95% of the company’s stock.

Navigator Stock Down 0.9 %

NVGS stock opened at $14.76 on Tuesday. The stock’s fifty day simple moving average is $15.71 and its two-hundred day simple moving average is $16.19. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. Navigator has a 1-year low of $14.47 and a 1-year high of $18.18. The stock has a market cap of $1.08 billion, a P/E ratio of 13.06 and a beta of 1.47.

Navigator Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, November 25th were given a dividend of $0.05 per share. The ex-dividend date 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 currently 17.70%.

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.