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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Evermore Global Advisors LLC increased its position in shares of Navios Maritime Partners by 19.8% during the 2nd quarter. Evermore Global Advisors LLC now owns 7,134,433 shares of the shipping company’s stock valued at $11,344,000 after purchasing an additional 1,177,833 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Navios Maritime Partners by 17.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,516,136 shares of the shipping company’s stock valued at $3,184,000 after purchasing an additional 226,982 shares during the last quarter. Sound Point Capital Management LP increased its position in shares of Navios Maritime Partners by 7.7% during the 2nd quarter. Sound Point Capital Management LP now owns 1,094,891 shares of the shipping company’s stock valued at $1,741,000 after purchasing an additional 78,743 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Navios Maritime Partners by 905.0% during the 1st quarter. Renaissance Technologies LLC now owns 776,808 shares of the shipping company’s stock valued at $1,608,000 after purchasing an additional 699,514 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new position in shares of Navios Maritime Partners during the 3rd quarter valued at approximately $320,000. 15.37% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This article was originally published by American Banking News and is the property of of American Banking News. If you are reading this article on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this article can be read at https://www.americanbankingnews.com/2017/12/12/navios-maritime-partners-lp-nmm-receives-consensus-rating-of-hold-from-analysts.html.

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.

Receive News & Ratings for Navios Maritime Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.