Clarkson Capital upgraded shares of Navios Maritime (NYSE:NM) from a neutral rating to a buy rating in a research note released on Monday morning, The Fly reports.
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Navios Maritime from a hold rating to a sell rating in a report on Wednesday, October 25th. Jefferies Group assumed coverage on shares of Navios Maritime in a report on Monday, December 18th. They issued a buy rating and a $2.00 price objective for the company. Finally, ValuEngine downgraded shares of Navios Maritime from a sell rating to a strong sell rating in a report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $1.58.
Navios Maritime (NYSE 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 quick ratio of 0.91 and a current ratio of 1.02.
A number of hedge funds have recently added to or reduced their stakes in NM. Rhumbline Advisers acquired a new stake in Navios Maritime in the 2nd quarter valued at about $107,000. New York State Common Retirement Fund acquired a new stake in Navios Maritime in the 2nd quarter valued at about $131,000. SG Americas Securities LLC raised its holdings in Navios Maritime by 729.2% in the 4th quarter. SG Americas Securities LLC now owns 121,229 shares of the shipping company’s stock valued at $145,000 after acquiring an additional 106,609 shares during the last quarter. Apriem Advisors raised its holdings in Navios Maritime by 53.8% in the 3rd quarter. Apriem Advisors now owns 100,000 shares of the shipping company’s stock valued at $167,000 after acquiring an additional 35,000 shares during the last quarter. Finally, California State Teachers Retirement System purchased a new stake in shares of Navios Maritime in the 2nd quarter valued at approximately $218,000. Institutional investors own 19.58% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Navios Maritime (NM) Lifted to Buy at Clarkson Capital” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.chaffeybreeze.com/2018/02/15/navios-maritime-nm-lifted-to-buy-at-clarkson-capital.html.
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.
Receive News & Ratings for Navios Maritime Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime and related companies with MarketBeat.com's FREE daily email newsletter.