Navios Maritime (NM) Lifted to Buy at Clarkson Capital

Clarkson Capital upgraded shares of Navios Maritime (NYSE:NM) from a neutral rating to a buy rating in a research note released on Monday, The Fly reports.

Several other equities research analysts have also commented on NM. Zacks Investment Research lowered shares of Navios Maritime from a hold rating to a sell rating in a report on Wednesday, October 25th. 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 assumed coverage on shares of Navios Maritime in a research report on Monday, December 18th. They issued a buy rating and a $2.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $1.58.

Shares of Navios Maritime (NM) opened at $1.31 on Monday. Navios Maritime has a 1-year low of $0.95 and a 1-year high of $2.26. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.02 and a quick ratio of 0.91.

Navios Maritime (NYSE:NM) last posted its quarterly 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). 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 analysts’ expectations of $138.00 million. During the same period in the previous year, the company posted ($0.25) earnings per share. Navios Maritime’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities research analysts forecast that Navios Maritime will post -1.03 EPS for the current year.

Several institutional investors have recently modified their holdings of the business. Rhumbline Advisers acquired a new position in shares of Navios Maritime during the 2nd quarter worth about $107,000. New York State Common Retirement Fund acquired a new position in shares of Navios Maritime during the 2nd quarter worth about $131,000. SG Americas Securities LLC raised its position in shares of Navios Maritime by 729.2% during the 4th quarter. SG Americas Securities LLC now owns 121,229 shares of the shipping company’s stock worth $145,000 after purchasing an additional 106,609 shares during the last quarter. Apriem Advisors raised its position in shares of Navios Maritime by 53.8% during the 3rd quarter. Apriem Advisors now owns 100,000 shares of the shipping company’s stock worth $167,000 after purchasing an additional 35,000 shares during the last quarter. Finally, California State Teachers Retirement System acquired a new position in shares of Navios Maritime during the 2nd quarter worth about $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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