Navigator Holdings Ltd (NVGS) was Downgraded by Morgan Stanley to ” Underweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Aug 25, 2016.
Many Wall Street Analysts have commented on Navigator Holdings Ltd. Shares were Reiterated by Stifel on Jul 22, 2016 to “Buy” and Lowered the Price Target to $ 18 from a previous price target of $25 .
On the company’s financial health, Navigator Holdings Ltd reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.24. The company had revenue of $72.54 million for the quarter, compared to analysts expectations of $66.49 million. The company’s revenue was down -13.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.
Navigator Holdings Ltd opened for trading at $8.29 and hit $8.5 on the upside on Tuesday, eventually ending the session at $8.32, with a gain of 0.36% or 0.03 points. The heightened volatility saw the trading volume jump to 3,21,899 shares. Company has a market cap of $461 M.
Navigator Holdings Ltd. is an owner and operator of a fleet of handysize liquefied gas carriers. The Company is the ultimate parent company of the Navigator Group of companies. The Company owns and operates approximately 26 gas carriers (the Vessels) having a cargo capacity of between 20500 cubic meters (cbm) and 22500 cbm of which 20 were semi-refrigerated and of those eight were capable of transporting ethylene. The remaining six were fully-refrigerated vessels. The Company carries LPG for energy companies state-owned utilities and commodities traders. It carries petrochemical gases for industrial users. The Company’s handysize liquefied gas carriers can accommodate medium- and long-haul routes.