Drewry Financial Reiterates Their Buy Rating on Navigator Holdings

In a report issued on May 18, Gautam Khurana from Drewry Financial reiterated a Buy rating on Navigator Holdings (NYSE: NVGS), with a price target of $13.30. The company’s shares closed on Friday at $11.30.

According to TipRanks.com, Khurana is a 2-star analyst with an average return of 4.8% and a 50.0% success rate. Khurana covers the Services sector, focusing on stocks such as Star Bulk Carriers, Scorpio Bulkers, and DHT Holdings.

Currently, the analyst consensus on Navigator Holdings is Moderate Buy and the average price target is $14.65, representing a 29.6% upside.

In a report issued on May 10, Maxim Group also maintained a Buy rating on the stock with a $16 price target.

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Based on Navigator Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $696K. In comparison, last year the company had a net profit of $2.74 million.

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Navigator Holdings Ltd. owns and operates a fleet of handysize liquefied gas carriers. It also provides international seaborne transportation and regional distribution services of liquefied petroleum gas, petrochemical gases and ammonia for energy companies, industrial users and commodity traders.