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Navios Maritime Partners L.P. (NYSE:NMM) has been given an average rating of “Hold” by the twelve ratings firms that are currently covering the stock, ARN reports. Seven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $20.23.

Shares of Navios Maritime Partners L.P. (NYSE:NMM) opened at 19.55 on Friday. Navios Maritime Partners L.P. has a 52-week low of $13.80 and a 52-week high of $19.89. The stock’s 50-day moving average is $19.27 and its 200-day moving average is $18.62. The company has a market cap of $1.543 billion and a P/E ratio of 21.64.

Navios Maritime Partners L.P. (NYSE:NMM) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.29 earnings per share. Navios Maritime Partners L.P.’s revenue was up 12.2% compared to the same quarter last year. 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. Investors 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 9.05%. The ex-dividend date of this dividend is Wednesday, August 6th.

A number of research firms have recently commented on NMM. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Navios Maritime Partners L.P. in a research note on Wednesday, July 30th. 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.

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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