Jefferies analyst Omar Nokta reiterated a Buy rating on Navigator Holdings (NVGS – Research Report) yesterday and set a price target of $20.00.
Omar Nokta has given his Buy rating due to a combination of factors including Navigator Holdings’ strong financial performance and strategic developments. The company reported higher-than-expected earnings for the fourth quarter, with an adjusted EPS of $0.38 surpassing both the consensus and Jefferies’ estimates. Additionally, the adjusted EBITDA exceeded forecasts, and the fleet utilization rate was better than anticipated, indicating operational efficiency.
Navigator Holdings also completed its ethylene terminal expansion on schedule and within budget, which is expected to significantly increase throughput capacity. The company has secured a second multi-year off-take contract for the expanded terminal, demonstrating strong demand for its services. Furthermore, Navigator is considering re-domiciling to the UK, which could provide strategic benefits. These positive developments, along with effective capital management and future financing plans, underpin the Buy rating and a target price of $20.
In another report released yesterday, Stifel Nicolaus also reiterated a Buy rating on the stock with a $21.00 price target.
NVGS’s price has also changed moderately for the past six months – from $15.630 to $13.870, which is a -11.26% drop .