Navios Maritime (NM) Upgraded at Clarkson Capital

Navios Maritime (NYSE:NM) was upgraded by stock analysts at Clarkson Capital from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports.

Several other analysts also recently commented on NM. Zacks Investment Research raised shares of Navios Maritime from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a report on Wednesday, January 10th. ValuEngine cut shares of Navios Maritime from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 14th. Finally, Jefferies Group began coverage on shares of Navios Maritime in a research note on Monday, December 18th. They issued a “buy” rating and a $2.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Navios Maritime currently has an average rating of “Hold” and a consensus price target of $1.58.

Shares of Navios Maritime (NM) traded up $0.06 during mid-day trading on Monday, reaching $1.26. 455,935 shares of the company’s stock traded hands, compared to its average volume of 632,201. The company has a quick ratio of 0.91, a current ratio of 1.02 and a debt-to-equity ratio of 2.32. Navios Maritime has a 12-month low of $0.95 and a 12-month high of $2.26. The firm has a market cap of $140.56, a price-to-earnings ratio of -1.57 and a beta of 2.78.

Navios Maritime (NYSE:NM) last issued its quarterly earnings results on Tuesday, November 21st. The shipping company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.04). Navios Maritime had a negative net margin of 21.39% and a negative return on equity of 17.18%. The business had revenue of $120.60 million during the quarter, compared to analyst estimates of $138.00 million. During the same quarter in the previous year, the firm posted ($0.25) earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. equities analysts expect that Navios Maritime will post -1.03 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of NM. Rhumbline Advisers acquired a new position in shares of Navios Maritime in the 2nd quarter valued at approximately $107,000. New York State Common Retirement Fund acquired a new position in shares of Navios Maritime in the 2nd quarter valued at approximately $131,000. Apriem Advisors raised its position in shares of Navios Maritime by 53.8% in the 3rd quarter. Apriem Advisors now owns 100,000 shares of the shipping company’s stock valued at $167,000 after buying an additional 35,000 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Navios Maritime by 729.2% in the 4th quarter. SG Americas Securities LLC now owns 121,229 shares of the shipping company’s stock valued at $145,000 after buying an additional 106,609 shares in the last quarter. Finally, California State Teachers Retirement System acquired a new position in shares of Navios Maritime in the 2nd quarter valued at approximately $218,000. Institutional investors and hedge funds own 19.58% of the company’s stock.

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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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