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Research analysts at MLV & Co
started coverage on shares of Navios Maritime Holdings (NYSE:NM) in a report released on Wednesday. The firm set a “buy” rating on the stock.

Navios Maritime Holdings (NYSE:NM) opened at 9.22 on Wednesday. Navios Maritime Holdings has a one year low of $4.70 and a one year high of $12.12. The stock’s 50-day moving average is $8.38 and its 200-day moving average is $9.13. The company’s market cap is $944.9 million.

Navios Maritime Holdings (NYSE:NM) last announced its earnings results on Wednesday, May 21st. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.11) by $0.12. The company had revenue of $122.20 million for the quarter, compared to the consensus estimate of $133.52 million. During the same quarter last year, the company posted ($0.10) earnings per share. Navios Maritime Holdings’s revenue was down 8.7% compared to the same quarter last year. On average, analysts predict that Navios Maritime Holdings will post $0.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 26th. Investors of record on Wednesday, June 18th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.60%.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Navios Maritime Holdings from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 7th. They now have a $7.60 price target on the stock. Analysts at Stifel Nicolaus upgraded shares of Navios Maritime Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. They now have a $14.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Navios Maritime Holdings currently has a consensus rating of “Buy” and a consensus price target of $9.70.

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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