Navigator Holdings initiated with a Buy at Alliance Global Partners

Alliance Global Partners analyst C. K. Poe Fratt initiated coverage of Navigator Holdings (NVGS) with a Buy rating and $24 price target The firm cites the company’s consistent operating results, enhanced gas carrier fleet with recent new build announcements, expanding export terminal exposed to an attractive gas carrier market, moderating financial leverage and a favorable return of capital policy for the Buy rating. Navigator’s current valuation is attractive, the analyst tells investors in a research note.