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Navios Maritime Partners L.P. (NYSE:NMM) was upgraded by Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $20.00 price target on the stock, up from their previous price target of $16.00. Deutsche Bank’s target price would suggest a potential upside of 20.85% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Navios Maritime Partners L.P. from $17.00 to $18.00 in a research note to investors on Friday, November 1st. They now have an “outperform” 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, November 1st. 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, November 1st. They now have a $19.00 price target on the stock. Ten investment analysts have rated the stock with a buy rating, Navios Maritime Partners L.P. presently has an average rating of “Buy” and an average target price of $16.13.

Navios Maritime Partners L.P. (NYSE:NMM) traded up 4.66% on Thursday, hitting $17.3208. The stock had a trading volume of 635,259 shares. Navios Maritime Partners L.P. has a one year low of $12.05 and a one year high of $17.10. The stock’s 50-day moving average is $15.95 and its 200-day moving average is $14.87. The company has a market cap of $1.255 billion and a P/E ratio of 13.48.

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 last year, the company posted $0.36 earnings per share. Navios Maritime Partners L.P.’s revenue was down 16.1% compared to the same quarter last year. Analysts expect that Navios Maritime Partners L.P. will post $0.84 EPS for the current fiscal year.

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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