Published On: Tue, Sep 13th, 2016

Navios Maritime Partners L.P.’s (NMM) Buy Rating Reaffirmed at Jefferies Group

Navios Maritime Partners L.P. (NYSE:NMM)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Group in a research note issued to investors on Monday.
Separately, Zacks Investment Research cut shares of Navios Maritime Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $5.05.
Shares of Navios Maritime Partners L.P. (NYSE:NMM) traded up 3.52% on Monday, hitting $1.47. 323,819 shares of the company traded hands. Navios Maritime Partners L.P. has a 12 month low of $0.79 and a 12 month high of $8.79. The stock’s 50-day moving average price is $1.50 and its 200-day moving average price is $1.42. The company has a market capitalization of $124.62 million, a PE ratio of 42.00 and a beta of 1.74.

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Navios Maritime Partners L.P. (NYSE:NMM) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.25. The company had revenue of $44.90 million for the quarter, compared to analysts’ expectations of $50.13 million. The business’s quarterly revenue was down 20.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. On average, equities analysts predict that Navios Maritime Partners L.P. will post $0.04 earnings per share for the current year.
An institutional investor recently raised its position in Navios Maritime Partners L.P. stock. Sanders Morris Harris Inc. boosted its stake in Navios Maritime Partners L.P. (NYSE:NMM) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 133,650 shares of the company’s stock after buying an additional 2,000 shares during the period. Sanders Morris Harris Inc. owned about 0.16% of Navios Maritime Partners L.P. worth $172,000 at the end of the most recent quarter.
Navios Maritime Partners L.P. Company Profile
Navios Maritime Partners L.P. (Navios Partners) is an international owner and operator of dry bulk and container vessels formed by Navios Holdings, which is a vertically integrated seaborne shipping company. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain, fertilizer and also containers, chartering its vessels under medium to long-term charters.

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