Navios Maritime Partners L.P. Rating Lowered to Neutral at Global Hunter Securities (NMM)
Navios Maritime Partners L.P. (NYSE:NMM) was downgraded by analysts at Global Hunter Securities from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
Navios Maritime Partners L.P. (NYSE:NMM) opened at 18.63 on Monday. Navios Maritime Partners L.P. has a 1-year low of $13.22 and a 1-year high of $19.70. The stock’s 50-day moving average is $17.50 and its 200-day moving average is $15.44. The company has a market cap of $1.350 billion and a price-to-earnings ratio of 15.16.
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 $0.85 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on NMM. Analysts at JPMorgan Chase & Co. downgraded shares of Navios Maritime Partners L.P. from an “overweight” rating to a “neutral” rating in a research note to investors on Monday, December 23rd. Separately, analysts at Deutsche Bank upgraded shares of Navios Maritime Partners L.P. from a “hold” rating to a “buy” rating in a research note to investors on Thursday, December 5th. They now have a $20.00 price target on the stock, up previously from $16.00. Finally, 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. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Navios Maritime Partners L.P. presently has an average rating of “Buy” and a consensus target price of $17.58.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.