Headlines about Navios Maritime Partners (NYSE:NMM) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Navios Maritime Partners earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the shipping company an impact score of 46.1548442415714 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s rankings:
- Bargain Hunter Investor Update on Navios Maritime Partners LP (NYSE:NMM) - FLBC News (flbcnews.com)
- Watching the Tape Move for Navios Maritime Partners LP (NMM) and Ishares Trust S & P500/Bar (IVW) - Sparta Review (spartareview.com)
- Technical Indicator Scrutiny For Navios Maritime Partners LP (NMM … - Bulletin News (orobulletin.com)
- Navios Maritime Partners - Revisiting My Earlier Bullish View - Seeking Alpha (seekingalpha.com)
Shares of Navios Maritime Partners (NYSE:NMM) traded down 0.53% during mid-day trading on Friday, hitting $1.88. The stock had a trading volume of 716,573 shares. The stock’s market cap is $282.84 million. Navios Maritime Partners has a 52-week low of $1.15 and a 52-week high of $2.94. The company’s 50 day moving average is $1.72 and its 200-day moving average is $1.82.
Navios Maritime Partners (NYSE:NMM) last issued its quarterly earnings data on Thursday, July 27th. The shipping company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The company had revenue of $50.02 million for the quarter, compared to analyst estimates of $44.37 million. Navios Maritime Partners had a negative net margin of 19.50% and a positive return on equity of 2.60%. Navios Maritime Partners’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company posted $0.05 earnings per share. On average, equities research analysts anticipate that Navios Maritime Partners will post $0.06 earnings per share for the current fiscal year.
A number of research analysts have weighed in on the company. Zacks Investment Research upgraded Navios Maritime Partners from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a report on Thursday, April 27th. BidaskClub raised Navios Maritime Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC initiated coverage on Navios Maritime Partners in a research report on Monday, June 5th. They issued a “buy” rating and a $2.00 price target on the stock. Citigroup Inc. boosted their price target on Navios Maritime Partners from $2.00 to $2.25 and gave the stock a “neutral” rating in a research report on Tuesday, April 25th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $2.25 price target on shares of Navios Maritime Partners in a research report on Friday, June 23rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $2.19.
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About Navios Maritime Partners
Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters.
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