Wall Street Zen Downgrades Navigator (NYSE:NVGS) to Hold

Navigator (NYSE:NVGS) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

A number of other equities research analysts also recently weighed in on the company. Zacks Research downgraded Navigator from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Pareto Securities assumed coverage on shares of Navigator in a research report on Tuesday, December 9th. They set a “buy” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Navigator in a research note on Monday, December 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $19.00 price target on shares of Navigator in a research note on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

Navigator Trading Up 0.6%

Shares of NYSE:NVGS opened at $18.34 on Friday. Navigator has a 12-month low of $10.55 and a 12-month high of $18.83. The business has a 50 day moving average of $17.81 and a 200-day moving average of $16.80. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.27 billion, a PE ratio of 12.15, a P/E/G ratio of 1.00 and a beta of 0.40.

Hedge Funds Weigh In On Navigator

Hedge funds and other institutional investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. lifted its position in shares of Navigator by 1,124.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,677 shares of the shipping company’s stock worth $29,000 after buying an additional 1,540 shares during the last quarter. California State Teachers Retirement System acquired a new position in Navigator during the second quarter worth about $29,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Navigator by 2,794.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,055 shares of the shipping company’s stock worth $32,000 after acquiring an additional 1,984 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Navigator in the 2nd quarter valued at approximately $42,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Navigator during the 3rd quarter valued at approximately $43,000. Institutional investors own 18.95% of the company’s stock.

About Navigator

Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company’s fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator’s vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.

Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).