Navios Maritime (NM) Upgraded by Clarkson Capital to Buy

Clarkson Capital upgraded shares of Navios Maritime (NYSE:NM) from a neutral rating to a buy rating in a research report report published on Monday.

Several other research firms 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 research report on Wednesday, January 10th. ValuEngine downgraded shares of Navios Maritime from a sell rating to a strong sell rating in a research report on Tuesday, November 14th. Finally, Jefferies Group started coverage on shares of Navios Maritime in a research report on Monday, December 18th. They set a buy rating and a $2.00 target price for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $1.58.

Shares of Navios Maritime (NM) opened at $1.27 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 2.32. Navios Maritime has a 52-week low of $0.95 and a 52-week high of $2.26.

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

Institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. purchased a new position in Navios Maritime during the third quarter worth about $344,000. 683 Capital Management LLC purchased a new position in Navios Maritime during the third quarter worth about $501,000. Northern Trust Corp purchased a new position in Navios Maritime during the second quarter worth about $1,065,000. Royce & Associates LP boosted its holdings in Navios Maritime by 7.2% during the third quarter. Royce & Associates LP now owns 1,721,349 shares of the shipping company’s stock worth $2,875,000 after purchasing an additional 115,000 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Navios Maritime during the second quarter worth about $341,000. Institutional investors and hedge funds own 19.58% of the company’s stock.

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About Navios Maritime

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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