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Navios Maritime Partners L.P. (NYSE:NMM) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.

NMM has been the subject of a number of other recent research reports. Analysts at RBC Capital downgraded shares of Navios Maritime Partners L.P. from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday. They now have a $19.00 price target on the stock, up previously from $18.00. Separately, 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. Finally, 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. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Navios Maritime Partners L.P. presently has an average rating of “Buy” and a consensus price target of $18.58.

Shares of Navios Maritime Partners L.P. (NYSE:NMM) opened at 19.04 on Friday. Navios Maritime Partners L.P. has a one year low of $13.22 and a one year high of $19.70. The stock has a 50-day moving average of $18.12 and a 200-day moving average of $15.73. The company has a market cap of $1.380 billion and a P/E ratio of 15.48.

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 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. 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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