Navios Maritime Holdings Inc (NM) Given Average Rating of “Hold” by Brokerages

Navios Maritime Holdings Inc (NYSE:NM) has received a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $1.63.

A number of analysts recently weighed in on NM shares. Zacks Investment Research upgraded shares of Navios Maritime from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Wednesday, January 10th. JPMorgan Chase cut shares of Navios Maritime from a “neutral” rating to an “underweight” rating in a research note on Friday, March 23rd. Clarkson Capital upgraded shares of Navios Maritime from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. Finally, Jefferies Group started coverage on shares of Navios Maritime in a research note on Monday, December 18th. They set a “buy” rating and a $2.00 price target for the company.

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Hedge funds have recently added to or reduced their stakes in the company. PenderFund Capital Management Ltd. acquired a new stake in shares of Navios Maritime in the 4th quarter worth $2,201,000. Jefferies Group LLC lifted its stake in shares of Navios Maritime by 109.7% in the 4th quarter. Jefferies Group LLC now owns 1,504,542 shares of the shipping company’s stock worth $1,805,000 after acquiring an additional 787,238 shares during the period. SG Americas Securities LLC lifted its stake in shares of Navios Maritime by 729.2% in the 4th quarter. SG Americas Securities LLC now owns 121,229 shares of the shipping company’s stock worth $145,000 after acquiring an additional 106,609 shares during the period. Royce & Associates LP lifted its stake in shares of Navios Maritime by 13.4% in the 4th quarter. Royce & Associates LP now owns 1,951,349 shares of the shipping company’s stock worth $2,342,000 after acquiring an additional 230,000 shares during the period. Finally, Macquarie Group Ltd. lifted its stake in shares of Navios Maritime by 33.1% in the 4th quarter. Macquarie Group Ltd. now owns 274,011 shares of the shipping company’s stock worth $329,000 after acquiring an additional 68,111 shares during the period. Institutional investors own 23.64% of the company’s stock.

Shares of NYSE:NM opened at $0.76 on Tuesday. The firm has a market cap of $83.15, a P/E ratio of -0.75 and a beta of 2.66. The company has a quick ratio of 0.91, a current ratio of 1.02 and a debt-to-equity ratio of 2.32. Navios Maritime has a 1-year low of $0.68 and a 1-year high of $1.99.

Navios Maritime (NYSE:NM) last issued its quarterly earnings results on Wednesday, February 21st. The shipping company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.01. The firm had revenue of $128.53 million during the quarter, compared to analysts’ expectations of $134.69 million. Navios Maritime had a negative net margin of 37.28% and a negative return on equity of 15.58%. research analysts expect that Navios Maritime will post -0.53 earnings per share for the current fiscal year.

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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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