Navigator (NYSE:NVGS) Stock Rating Upgraded by Wall Street Zen

Navigator (NYSE:NVGS) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other brokerages have also recently issued reports on NVGS. Pareto Securities assumed coverage on shares of Navigator in a report on Tuesday, December 9th. They issued a “buy” rating on the stock. Zacks Research cut Navigator from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Navigator in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

Navigator Stock Performance

Shares of NVGS stock opened at $20.88 on Friday. The company has a fifty day moving average price of $18.78 and a two-hundred day moving average price of $17.36. Navigator has a one year low of $10.55 and a one year high of $21.36. The stock has a market cap of $1.45 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.14 and a beta of 0.37. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.18 and a quick ratio of 1.14.

Hedge Funds Weigh In On Navigator

Several large investors have recently modified their holdings of NVGS. Geode Capital Management LLC bought a new stake in shares of Navigator during the 2nd quarter worth about $5,677,000. Bridgeway Capital Management LLC acquired a new position in Navigator in the 3rd quarter valued at about $6,091,000. Ameriprise Financial Inc. bought a new position in Navigator in the 2nd quarter valued at about $4,773,000. First Manhattan CO. LLC. lifted its position in Navigator by 27.8% during the fourth quarter. First Manhattan CO. LLC. now owns 1,430,009 shares of the shipping company’s stock worth $24,768,000 after acquiring an additional 311,259 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in Navigator during the fourth quarter worth approximately $3,108,000. 18.95% of the stock is owned by institutional investors.

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).