Navios Maritime Partners LP (NMM) Receives Consensus Rating of “Hold” from Analysts
Navios Maritime Partners LP (NYSE:NMM) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $2.17.
Several analysts have recently issued reports on NMM shares. TheStreet raised Navios Maritime Partners from a “d+” rating to a “c-” rating in a report on Wednesday, November 15th. Citigroup upped their price objective on Navios Maritime Partners from $2.00 to $2.25 and gave the stock a “neutral” rating in a report on Thursday, November 16th. Zacks Investment Research raised Navios Maritime Partners from a “hold” rating to a “buy” rating and set a $2.25 price objective on the stock in a report on Friday, October 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $2.25 price objective on shares of Navios Maritime Partners in a report on Friday, September 1st.
Shares of Navios Maritime Partners (NYSE:NMM) opened at $2.29 on Tuesday. The stock has a market capitalization of $340.09, a P/E ratio of 12.47 and a beta of 1.85. Navios Maritime Partners has a twelve month low of $1.40 and a twelve month high of $2.65. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.60.
About Navios Maritime Partners
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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