Navios Maritime Holdings Upgraded to “Buy” by Merrill Lynch (NM)
Navios Maritime Holdings (NYSE:NM) was upgraded by Merrill Lynch to a “buy” rating in a research note issued on Wednesday, Analyst Ratings Net reports.
Navios Maritime Holdings (NYSE:NM) traded up 5.84% on Wednesday, hitting $9.79. 1,818,239 shares of the company’s stock traded hands. Navios Maritime Holdings has a one year low of $3.59 and a one year high of $11.73. The stock has a 50-day moving average of $9.32 and a 200-day moving average of $7.32. The company has a market cap of $997.2 million and a price-to-earnings ratio of 8.35.
Navios Maritime Holdings (NYSE:NM) last issued its quarterly earnings data on Monday, November 25th. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.12) by $0.01. The company had revenue of $122.30 million for the quarter, compared to the consensus estimate of $124.53 million. During the same quarter last year, the company posted $0.04 earnings per share. Navios Maritime Holdings’s revenue was down 25.4% compared to the same quarter last year. Analysts expect that Navios Maritime Holdings will post $-0.43 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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