Zacks Upgrades Navios Maritime Holdings to Neutral (NM)
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.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.