Navigator Holdings Receives a Buy from Maxim Group


Maxim Group analyst James Jang maintained a Buy rating on Navigator Holdings (NYSE: NVGS) today and set a price target of $16. The company’s shares opened today at $11.35.

Jang wrote:

“Navigator Holdings (NVGS) reported 1Q18 results after the market close with net revenues of $61.7 million (slightly higher than our $60.9 million estimates), net income of $0.7 million (lower than our $3.3 million estimate), operating EPS of $0.01 (lower than our $0.06 estimate), and EBITDA of $30.5 million (lower than our $31.3 million estimate)..”

According to TipRanks.com, Jang is a 5-star analyst with an average return of 26.2% and a 45.8% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP, Nordic American Tanker, and Eagle Bulk Shipping.

Navigator Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $14.25.

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Based on Navigator Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $1.41 million. 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.

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