Weekly Investment Analysts’ Ratings Updates for Navios Maritime Partners L.P. (NMM)

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Navios Maritime Partners L.P. (NYSE: NMM) has recently received a number of price target changes and ratings updates:

9/12/2016 – Navios Maritime Partners L.P. had its “buy” rating reaffirmed by analysts at Jefferies Group.
9/6/2016 – Navios Maritime Partners L.P. had its “buy” rating reaffirmed by analysts at Jefferies Group.
8/30/2016 – Navios Maritime Partners L.P. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Navios Maritime Partners L.P. is an international owner and operator of dry cargo vessels. It engages in the seaborne transportation services of drybulk commodities including iron ore, coal, grains, fertilizers and chartering of its vessels under medium to long-term charters. Navios Maritime Partners L.P. is headquartered in Piraeus, Greece. “
8/29/2016 – Navios Maritime Partners L.P. had its “buy” rating reaffirmed by analysts at Jefferies Group.
8/23/2016 – Navios Maritime Partners L.P. had its “buy” rating reaffirmed by analysts at Jefferies Group.
8/16/2016 – Navios Maritime Partners L.P. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Navios Maritime Partners L.P. is an international owner and operator of dry cargo vessels. It engages in the seaborne transportation services of drybulk commodities including iron ore, coal, grains, fertilizers and chartering of its vessels under medium to long-term charters. Navios Maritime Partners L.P. is headquartered in Piraeus, Greece. “
8/1/2016 – Navios Maritime Partners L.P. had its “buy” rating reaffirmed by analysts at Jefferies Group.
7/19/2016 – Navios Maritime Partners L.P. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Navios Maritime Partners L.P. is an international owner and operator of dry cargo vessels. It engages in the seaborne transportation services of drybulk commodities including iron ore, coal, grains, fertilizers and chartering of its vessels under medium to long-term charters. Navios Maritime Partners L.P. is headquartered in Piraeus, Greece. “

Navios Maritime Partners L.P. (NYSE:NMM) opened at 1.47 on Tuesday. The stock has a market cap of $124.62 million, a P/E ratio of 42.00 and a beta of 1.74. The firm has a 50-day moving average price of $1.50 and a 200-day moving average price of $1.43. Navios Maritime Partners L.P. has a 52 week low of $0.79 and a 52 week high of $8.79.

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Navios Maritime Partners L.P. (NYSE:NMM) last posted its quarterly earnings results on Thursday, August 11th. The company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.25. The firm earned $44.90 million during the quarter, compared to the consensus estimate of $50.13 million. The firm’s revenue for the quarter was down 20.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 earnings per share. On average, equities research analysts predict that Navios Maritime Partners L.P. will post $0.04 EPS for the current year.
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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