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Shares of Navios Maritime Partners L.P. (NYSE:NMM) have received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, Analyst RN reports. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $20.23.

A number of analysts have recently weighed in on NMM shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Navios Maritime Partners L.P. in a research note on Wednesday. They now have a $21.00 price target on the stock, up previously from $20.00. Separately, analysts at Jefferies Group initiated coverage on shares of Navios Maritime Partners L.P. in a research note on Thursday, June 12th. They set a “buy” rating and a $22.00 price target on the stock. Finally, 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.

Shares of Navios Maritime Partners L.P. (NYSE:NMM) traded down 0.05% on Friday, hitting $19.64. The stock had a trading volume of 39,587 shares. Navios Maritime Partners L.P. has a one year low of $13.80 and a one year high of $19.89. The stock has a 50-day moving average of $19.23 and a 200-day moving average of $18.61. The company has a market cap of $1.550 billion and a price-to-earnings ratio of 25.39.

Navios Maritime Partners L.P. (NYSE:NMM) last announced its earnings results on Tuesday, July 29th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.22. The company had revenue of $55.18 million for the quarter, compared to the consensus estimate of $57.70 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts predict that Navios Maritime Partners L.P. will post $0.96 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 13th. Stockholders of record on Friday, August 8th will be given a dividend of $0.4425 per share. This represents a $1.77 dividend on an annualized basis and a yield of 9.01%. The ex-dividend date of this dividend is Wednesday, August 6th.

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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