Navios Maritime Holdings Reaches New 12-Month High at $7.83 (NM)
Navios Maritime Holdings (NYSE:NM)’s share price reached a new 52-week high on Friday, Analyst Ratings Network.com reports. The company traded as high as $7.83 and last traded at $7.71, with a volume of 883,015 shares traded. The stock had previously closed at $7.52.
NM has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of Navios Maritime Holdings in a research note to investors on Tuesday, October 8th. They set a “hold” rating on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Navios Maritime Holdings from $6.00 to $7.50 in a research note to investors on Friday, August 23rd. Finally, analysts at Zacks downgraded shares of Navios Maritime Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 2nd. They now have a $6.40 price target on the stock.
Navios Maritime Holdings has a one year low of $3.26 and a one year high of $7.67. The stock’s 50-day moving average is $7.13 and its 200-day moving average is $5.66. The company has a market cap of $791.9 million and a P/E ratio of 5.96.
Navios Maritime Holdings (NYSE:NM) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.05. The company had revenue of $125.60 million for the quarter, compared to the consensus estimate of $132.55 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was down 27.0% on a year-over-year basis. Analysts expect that Navios Maritime Holdings will post $-0.41 EPS for the current fiscal year.
Navios Maritime Holdings Inc (NYSE:NM) is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain.
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