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Investment analysts at Canaccord Genuity initiated coverage on shares of Navios Maritime Holdings (NYSE:NM) in a note issued to investors on Tuesday. The firm set a “buy” rating and a $14.00 price target on the stock. Canaccord Genuity’s target price indicates a potential upside of 47.68% from the company’s current price.

NM has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Navios Maritime Holdings from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 5th. They now have a $9.50 price target on the stock. 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 equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $11.25.

Navios Maritime Holdings (NYSE:NM) traded up 0.32% during mid-day trading on Tuesday, hitting $9.48. 538,335 shares of the company’s stock traded hands. Navios Maritime Holdings has a 1-year low of $4.70 and a 1-year high of $12.12. The stock’s 50-day moving average is $8.57 and its 200-day moving average is $9.23. The company’s market cap is $971.6 million.

Navios Maritime Holdings (NYSE:NM) last released its earnings data 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. 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. Stockholders 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 2.53%. The ex-dividend date of this dividend is Monday, June 16th.

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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