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Navios Maritime Partners L.P. (NYSE:NMM) was downgraded by investment analysts at RBC Capital from an “outperform” rating to a “sector perform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. They currently have a $19.00 target price on the stock, up from their previous target price of $18.00. RBC Capital’s target price suggests a potential downside of 0.21% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Navios Maritime Partners L.P. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, January 6th. They now have a $20.80 price target on the stock. Separately, analysts at Global Hunter Securities downgraded shares of Navios Maritime Partners L.P. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 6th. Finally, 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. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Navios Maritime Partners L.P. has an average rating of “Buy” and an average price target of $18.66.

Shares of Navios Maritime Partners L.P. (NYSE:NMM) traded up 0.16% during mid-day trading on Tuesday, hitting $19.04. The stock had a trading volume of 662,027 shares. Navios Maritime Partners L.P. has a 52 week low of $13.22 and a 52 week high of $19.70. The stock’s 50-day moving average is $18.12 and its 200-day moving average is $15.73. The company has a market cap of $1.380 billion and a price-to-earnings ratio of 15.48.

Navios Maritime Partners L.P. (NYSE:NMM) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ 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 $0.85 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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