Navigator Holdings (NVGS) Receives a Buy from Maxim Group

By Carrie Williams

In a report released today, James Jang from Maxim Group maintained a Buy rating on Navigator Holdings (NVGSResearch Report), with a price target of $16. The company’s shares closed yesterday at $12.02.

Jang said:

“Navigator Holdings (NVGS) reported stronger than expected 3Q18 results with net revenues of $62.2M, EBITDA of $30.4M, and operating EPS of $0.01, which were all above ours and consensus estimates.”

According to TipRanks.com, Jang is a 5-star analyst with an average return of 17.2% and a 45.3% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Nordic American Tanker, and Eagle Bulk Shipping.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Navigator Holdings with a $14.65 average price target.

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The company has a one-year high of $13.55 and a one-year low of $9.55. Currently, Navigator Holdings has an average volume of 94.69K.

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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.