JPMorgan Chase & Co. Reiterates Neutral Rating for Navios Maritime Acquisition (NNA)

Navios Maritime Acquisition (NYSE:NNA)‘s stock had its “neutral” rating restated by JPMorgan Chase & Co. in a report released on Friday, MarketBeat.com reports.

Several other research firms have also commented on NNA. Stifel Nicolaus set a $2.00 target price on Navios Maritime Acquisition and gave the stock a “buy” rating in a report on Sunday, October 29th. Zacks Investment Research raised Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $1.63.

Navios Maritime Acquisition (NNA) traded down $0.06 during trading on Friday, reaching $0.96. The company had a trading volume of 1,855,716 shares, compared to its average volume of 350,666. The firm has a market capitalization of $153.34, a price-to-earnings ratio of -3.11 and a beta of 1.60. Navios Maritime Acquisition has a 12-month low of $0.89 and a 12-month high of $2.02. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.92 and a current ratio of 0.92.

Navios Maritime Acquisition (NYSE:NNA) last posted its earnings results on Thursday, November 2nd. The shipping company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01. Navios Maritime Acquisition had a positive return on equity of 2.08% and a negative net margin of 19.94%. sell-side analysts anticipate that Navios Maritime Acquisition will post -0.06 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. acquired a new stake in Navios Maritime Acquisition during the third quarter worth about $124,000. Virtu KCG Holdings LLC grew its holdings in Navios Maritime Acquisition by 127.8% in the second quarter. Virtu KCG Holdings LLC now owns 111,311 shares of the shipping company’s stock valued at $164,000 after purchasing an additional 62,454 shares during the period. Vanguard Group Inc. grew its holdings in Navios Maritime Acquisition by 2.3% in the second quarter. Vanguard Group Inc. now owns 164,307 shares of the shipping company’s stock valued at $242,000 after purchasing an additional 3,730 shares during the period. Teachers Advisors LLC grew its holdings in Navios Maritime Acquisition by 12.2% in the second quarter. Teachers Advisors LLC now owns 165,077 shares of the shipping company’s stock valued at $243,000 after purchasing an additional 17,971 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Navios Maritime Acquisition by 13.2% in the second quarter. California Public Employees Retirement System now owns 167,500 shares of the shipping company’s stock valued at $246,000 after purchasing an additional 19,500 shares during the period. 19.09% of the stock is currently owned by hedge funds and other institutional investors.

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Navios Maritime Acquisition Company Profile

Navios Maritime Acquisition Corporation is an international shipping company. The Company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing marine transportation services around the world. The Company charters its vessels to international oil companies, refiners and vessel operators under long, medium and short-term charters.

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