Navios Maritime Acquisition (NNA) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Navios Maritime Acquisition (NYSE:NNA) from a sell rating to a hold rating in a research report report published on Thursday morning.

According to Zacks, “Navios Maritime Acquisition Corporation provides marine transportation services. It is an owner and operator of tanker vessels focusing in the transportation of petroleum products and bulk liquid chemicals. The company focuses on chartering its vessels to international oil companies, refiners, and vessel operators under long, medium, and short-term charters. Navios Maritime Acquisition Corporation is headquartered in Piraeus, Greece. “

A number of other research analysts have also weighed in on the stock. ValuEngine lowered shares of Navios Maritime Acquisition from a buy rating to a hold rating in a research note on Friday, September 1st. Stifel Nicolaus set a $2.00 target price on shares of Navios Maritime Acquisition and gave the stock a buy rating in a research note on Sunday, October 29th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $1.63.

Navios Maritime Acquisition (NYSE NNA) opened at $1.11 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.12. Navios Maritime Acquisition has a 12 month low of $1.08 and a 12 month high of $2.11. The firm has a market cap of $166.87, a P/E ratio of -3.58 and a beta of 1.60.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Wednesday, December 6th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 18.02%. The ex-dividend date was Tuesday, December 5th. Navios Maritime Acquisition’s dividend payout ratio (DPR) is -64.51%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System lifted its stake in Navios Maritime Acquisition by 71.3% in the 3rd quarter. California Public Employees Retirement System now owns 286,854 shares of the shipping company’s stock worth $350,000 after purchasing an additional 119,354 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Navios Maritime Acquisition by 25.9% during the 3rd quarter. Stifel Financial Corp now owns 1,410,486 shares of the shipping company’s stock worth $1,710,000 after buying an additional 290,552 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Navios Maritime Acquisition during the 3rd quarter worth approximately $124,000. State Street Corp increased its holdings in shares of Navios Maritime Acquisition by 6.4% during the 2nd quarter. State Street Corp now owns 1,356,842 shares of the shipping company’s stock worth $1,992,000 after buying an additional 81,935 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Navios Maritime Acquisition by 14.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 234,510 shares of the shipping company’s stock worth $344,000 after buying an additional 30,361 shares during the last quarter. 19.09% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.chaffeybreeze.com/2018/01/01/navios-maritime-acquisition-nna-rating-increased-to-hold-at-zacks-investment-research.html.

About Navios Maritime Acquisition

Navios Maritime Acquisition Corporation is an international shipping company. The Company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing marine transportation services around the world. The Company charters its vessels to international oil companies, refiners and vessel operators under long, medium and short-term charters.

Get a free copy of the Zacks research report on Navios Maritime Acquisition (NNA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Navios Maritime Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply