Navios Maritime Holdings Inc. (NM) Receives Average Recommendation of “Hold” from Analysts

Shares of Navios Maritime Holdings Inc. (NYSE:NM) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $1.58.

A number of research analysts recently weighed in on NM shares. Zacks Investment Research raised Navios Maritime from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Clarkson Capital downgraded Navios Maritime from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 17th. ValuEngine downgraded Navios Maritime from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 14th. Finally, Jefferies Group started coverage on Navios Maritime in a research note on Monday, December 18th. They set a “buy” rating and a $2.00 price target on the stock.

Shares of Navios Maritime (NYSE NM) traded up $0.02 during trading hours on Friday, hitting $1.36. The stock had a trading volume of 353,100 shares, compared to its average volume of 739,963. The firm has a market cap of $167.37, a P/E ratio of -0.48 and a beta of 2.89. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.02 and a quick ratio of 0.91. Navios Maritime has a 12 month low of $0.95 and a 12 month high of $2.26.

Navios Maritime (NYSE:NM) last posted its quarterly earnings results on Tuesday, November 21st. The shipping company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.04). Navios Maritime had a negative return on equity of 17.18% and a negative net margin of 21.39%. The firm had revenue of $120.60 million for the quarter, compared to analyst estimates of $138.00 million. During the same period last year, the company posted ($0.25) earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. research analysts predict that Navios Maritime will post -1.1 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of NM. Rhumbline Advisers purchased a new stake in shares of Navios Maritime in the second quarter worth approximately $107,000. New York State Common Retirement Fund purchased a new stake in shares of Navios Maritime in the second quarter worth approximately $131,000. Apriem Advisors raised its stake in shares of Navios Maritime by 53.8% in the third quarter. Apriem Advisors now owns 100,000 shares of the shipping company’s stock worth $167,000 after purchasing an additional 35,000 shares during the last quarter. California State Teachers Retirement System purchased a new stake in shares of Navios Maritime in the second quarter worth approximately $218,000. Finally, Schwab Charles Investment Management Inc. bought a new position in shares of Navios Maritime in the second quarter valued at approximately $232,000. 19.71% of the stock is owned by hedge funds and other institutional investors.

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Navios Maritime Company Profile

Navios Maritime Holdings Inc (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. It operates through two segments: the Dry bulk Vessel Operations and the Logistics Business.

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