Navios Maritime Partners L.P. Given Consensus Recommendation of “Hold” by Analysts (NYSE:NMM)
Navios Maritime Partners L.P. (NYSE:NMM) has earned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, American Banking News reports. Seven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $19.80.
A number of research firms have recently commented on NMM. Analysts at MLV & Co
initiated coverage on shares of Navios Maritime Partners L.P. in a research note on Wednesday, May 28th. They set a “hold” rating on the stock. 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.
Shares of Navios Maritime Partners L.P. (NYSE:NMM) opened at 18.67 on Wednesday. Navios Maritime Partners L.P. has a 52-week low of $13.22 and a 52-week high of $19.89. The stock’s 50-day moving average is $18.57 and its 200-day moving average is $18.28. The company has a market cap of $1.474 billion and a price-to-earnings ratio of 24.22.
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 (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Analysts expect that Navios Maritime Partners L.P. will post $0.70 EPS for the current fiscal year.
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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