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

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

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $20.00 target price on shares of Navigator in a report on Friday, November 22nd. Alliance Global Partners assumed coverage on shares of 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 raised shares of Navigator from a “hold” rating to a “buy” rating in a report on Friday, November 8th.

Navigator Trading Down 0.6 %

Navigator stock opened at $17.00 on Friday. The firm has a 50 day moving average of $15.68 and a 200 day moving average of $16.07. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 15.04 and a beta of 1.46. Navigator has a 12-month low of $14.55 and a 12-month high of $18.18. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, November 25th were issued a dividend of $0.05 per share. 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 dividend payout ratio (DPR) is currently 17.70%.

Institutional Investors Weigh In On Navigator

A number of institutional investors have recently added to or reduced their stakes in NVGS. Point72 Asset Management L.P. purchased a new stake in Navigator during the 2nd quarter valued at approximately $38,000. Quarry LP purchased a new stake in Navigator during the 2nd quarter valued at approximately $48,000. Millburn Ridgefield Corp purchased a new stake in Navigator during the 3rd quarter valued at approximately $92,000. SG Americas Securities LLC grew its holdings in 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 buying an additional 684 shares in the last quarter. Finally, Perkins Coie Trust Co grew its holdings in 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 buying an additional 4,000 shares in the last quarter. 18.95% of the stock is owned by hedge funds and other institutional investors.

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.