Navios Maritime Partners L.P. Now Covered by Analysts at MLV & Co (NMM)
Equities research analysts at MLV & Co
assumed coverage on shares of Navios Maritime Partners L.P. (NYSE:NMM) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.
Shares of Navios Maritime Partners L.P. (NYSE:NMM) traded up 0.16% during mid-day trading on Wednesday, hitting $18.48. 28,799 shares of the company’s stock traded hands. Navios Maritime Partners L.P. has a 1-year low of $13.22 and a 1-year high of $19.89. The stock has a 50-day moving average of $18.58 and a 200-day moving average of $18.11. The company has a market cap of $1.459 billion and a P/E ratio of 23.84.
Navios Maritime Partners L.P. (NYSE:NMM) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.08. The company had revenue of $57.50 million for the quarter, compared to the consensus estimate of $60.41 million. During the same quarter last year, the company posted $0.24 earnings per share. Navios Maritime Partners L.P.’s revenue was up 14.3% compared to the same quarter last year. On average, analysts predict that Navios Maritime Partners L.P. will post $0.68 earnings per share for the current fiscal year.
Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Navios Maritime Partners L.P. in a research note on Wednesday, April 30th. They now have a $20.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.80.
Navios Maritime Partners L.P. (NYSE:NMM) is an international owner and operator of dry cargo vessels formed by Navios Holdings.
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