Navios Maritime Partners (NYSE: NMM) has recently received a number of price target changes and ratings updates:

  • 8/2/2017 – Navios Maritime Partners was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/2/2017 – Navios Maritime Partners was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Navios Maritime Partners L.P. is an international owner and operator of dry cargo vessels. It engages in the seaborne transportation services of drybulk commodities including iron ore, coal, grains, fertilizers and chartering of its vessels under medium to long-term charters. Navios Maritime Partners L.P. is headquartered in Piraeus, Greece. “
  • 7/27/2017 – Navios Maritime Partners was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/25/2017 – Navios Maritime Partners was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “Navios Maritime Partners L.P. is an international owner and operator of dry cargo vessels. It engages in the seaborne transportation services of drybulk commodities including iron ore, coal, grains, fertilizers and chartering of its vessels under medium to long-term charters. Navios Maritime Partners L.P. is headquartered in Piraeus, Greece. “
  • 6/23/2017 – Navios Maritime Partners had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $2.25 price target on the stock.

Shares of Navios Maritime Partners LP (NYSE NMM) opened at 1.95 on Tuesday. The firm’s market cap is $293.37 million. Navios Maritime Partners LP has a 52 week low of $1.15 and a 52 week high of $2.94. The stock has a 50 day moving average of $1.61 and a 200-day moving average of $1.80.

Navios Maritime Partners (NYSE:NMM) last posted its earnings results on Thursday, July 27th. The shipping company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $50.02 million for the quarter, compared to analyst estimates of $44.37 million. Navios Maritime Partners had a negative net margin of 19.50% and a positive return on equity of 2.67%. Navios Maritime Partners’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $0.05 EPS. Equities research analysts expect that Navios Maritime Partners LP will post $0.06 earnings per share for the current year.

Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters.

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