Alliance Global Partners Sticks to Their Buy Rating for Navigator Holdings (NVGS)
In a report released on March 20, Poe Fratt from Alliance Global Partners maintained a Buy rating on Navigator Holdings, with a price target of $24.00. The company’s shares closed last Friday at $18.18.
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Fratt covers the Industrials sector, focusing on stocks such as Genco Shipping, Performance Shipping, and Pangaea Logistics Solutions. According to TipRanks, Fratt has an average return of 35.0% and a 57.04% success rate on recommended stocks.
In addition to Alliance Global Partners, Navigator Holdings also received a Buy from Deutsche Bank ‘s Christopher Robertson, MBA in a report issued on March 13. However, on the same day, TipRanks – OpenAI downgraded Navigator Holdings (NYSE: NVGS) to a Hold.
Based on Navigator Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $152.83 million and a net profit of $18.48 million. In comparison, last year the company earned a revenue of $144.03 million and had a net profit of $21.59 million
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