Navios Maritime Holdings Inc (NM) Given Consensus Recommendation of “Hold” by Analysts

Shares of Navios Maritime Holdings Inc (NYSE:NM) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $1.63.

NM has been the subject of several recent research reports. Zacks Investment Research upgraded Navios Maritime from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a report on Wednesday, January 10th. Clarkson Capital upgraded Navios Maritime from a “neutral” rating to a “buy” rating in a report on Monday, February 12th. Finally, JPMorgan Chase lowered Navios Maritime from a “neutral” rating to an “underweight” rating in a report on Friday, March 23rd.

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A number of hedge funds and other institutional investors have recently bought and sold shares of NM. Vanguard Group Inc. bought a new position in Navios Maritime during the second quarter valued at about $248,000. State Street Corp raised its holdings in Navios Maritime by 2,467.0% during the second quarter. State Street Corp now owns 1,012,873 shares of the shipping company’s stock valued at $1,388,000 after buying an additional 973,416 shares in the last quarter. California State Teachers Retirement System bought a new position in Navios Maritime during the second quarter valued at about $218,000. Royce & Associates LP raised its holdings in Navios Maritime by 7.2% during the third quarter. Royce & Associates LP now owns 1,721,349 shares of the shipping company’s stock valued at $2,875,000 after buying an additional 115,000 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Navios Maritime by 729.2% during the fourth quarter. SG Americas Securities LLC now owns 121,229 shares of the shipping company’s stock valued at $145,000 after buying an additional 106,609 shares in the last quarter. Institutional investors own 23.64% of the company’s stock.



Shares of NYSE:NM traded down $0.01 during midday trading on Tuesday, hitting $0.81. 876,480 shares of the stock were exchanged, compared to its average volume of 787,409. The company has a current ratio of 1.08, a quick ratio of 0.96 and a debt-to-equity ratio of 2.67. Navios Maritime has a 52-week low of $0.68 and a 52-week high of $1.90. The firm has a market cap of $96.95, a price-to-earnings ratio of -0.81 and a beta of 2.66.

Navios Maritime (NYSE:NM) last announced its quarterly earnings data on Wednesday, February 21st. The shipping company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.01. Navios Maritime had a negative return on equity of 16.17% and a negative net margin of 37.28%. The business had revenue of $128.53 million during the quarter, compared to analyst estimates of $134.69 million. sell-side analysts forecast that Navios Maritime will post -0.86 EPS for the current year.

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About Navios Maritime

Navios Maritime Holdings Inc operates as a seaborne shipping and logistics company. The company focuses on the transportation and transshipment of dry bulk commodities, including iron ore, coal, and grains. It operates in two segments, Dry Bulk Vessel Operations and Logistics Business. The Dry Bulk Vessel Operations segment engages in the transportation and handling of bulk cargoes through the ownership, operation, and trading of vessels, freight, and forward freight agreements.

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