Navios Maritime Partners L.P. Price Target Raised to $18.00 at RBC Capital (NMM)
Investment analysts at RBC Capital upped their target price on shares of Navios Maritime Partners L.P. (NYSE:NMM) from $17.00 to $18.00 in a note issued to investors on Friday, American Banking News.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective indicates a potential upside of 9.09% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Navios Maritime Partners L.P. from $14.00 to $16.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of Navios Maritime Partners L.P. from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. Finally, analysts at Stifel Nicolaus upgraded shares of Navios Maritime Partners L.P. from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a $19.00 price target on the stock. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $16.84.
Navios Maritime Partners L.P. (NYSE:NMM) traded up 5.57% on Friday, hitting $16.50. 1,364,259 shares of the company’s stock traded hands. Navios Maritime Partners L.P. has a one year low of $12.01 and a one year high of $16.98. The stock has a 50-day moving average of $14.80 and a 200-day moving average of $14.62. The company has a market cap of $1.099 billion and a price-to-earnings ratio of 10.62.
Navios Maritime Partners L.P. (NYSE:NMM) last released its earnings data on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. The company had revenue of $46.58 million for the quarter, compared to the consensus estimate of $45.08 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down 16.1% on a year-over-year basis. On average, analysts predict that Navios Maritime Partners L.P. will post $0.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 13th. Investors of record on Friday, November 8th will be paid a dividend of $0.44 per share. This represents a $1.77 annualized dividend and a dividend yield of 10.73%. The ex-dividend date is Wednesday, November 6th.
Navios Maritime Partners L.P. (NYSE:NMM) is an international owner and operator of drybulk carriers formed by Navios Maritime Holdings Inc (Navios Holdings), a vertically integrated seaborne shipping company.
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