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 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.

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

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.

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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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