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Navios Maritime Holdings (NYSE:NM) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Thursday. The firm currently has a $9.50 price objective on the stock. Zacks‘s price objective would suggest a potential upside of 2.04% from the stock’s previous close.

Separately, analysts at MLV & Co
initiated coverage on shares of Navios Maritime Holdings in a research note on Wednesday, May 28th. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Navios Maritime Holdings currently has a consensus rating of “Buy” and an average target price of $10.33.

Shares of Navios Maritime Holdings (NYSE:NM) traded up 2.58% on Thursday, hitting $9.55. The stock had a trading volume of 415,988 shares. Navios Maritime Holdings has a 52 week low of $4.70 and a 52 week high of $12.12. The stock’s 50-day moving average is $8.48 and its 200-day moving average is $9.17. The company’s market cap is $978.7 million.

Navios Maritime Holdings (NYSE:NM) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis. Analysts expect that Navios Maritime Holdings will post $0.08 EPS 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 2.58%.

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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