Navios Maritime Acquisition Corp Given Consensus Rating of “Hold” by Brokerages (NYSE:NNA)
Shares of Navios Maritime Acquisition Corp (NYSE:NNA) have earned an average rating of “Hold” from the eight brokerages that are presently covering the company, Stock Ratings Network.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $26.89.
Several analysts have recently commented on the stock. Analysts at Evercore Partners cut their price target on shares of Navios Maritime Acquisition Corp from $5.00 to $4.50 in a research note on Wednesday. Analysts at Canaccord Genuity initiated coverage on shares of Navios Maritime Acquisition Corp in a research note on Tuesday, July 8th. They set a “hold” rating and a $3.75 price target on the stock.
Shares of Navios Maritime Acquisition Corp (NYSE:NNA) traded up 0.58% during mid-day trading on Wednesday, hitting $3.47. The stock had a trading volume of 41,412 shares. Navios Maritime Acquisition Corp has a 52 week low of $2.98 and a 52 week high of $4.95. The stock has a 50-day moving average of $3. and a 200-day moving average of $3.6. The company’s market cap is $526.3 million.
Navios Maritime Acquisition Corp (NYSE:NNA) last released its earnings data on Tuesday, August 19th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $62.20 million for the quarter. On average, analysts predict that Navios Maritime Acquisition Corp will post $0.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 2nd. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.80%.
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