Jefferies Group began coverage on shares of Navios Maritime Partners (NYSE:NMM) in a research report report published on Monday, December 18th. The firm issued a buy rating and a $2.00 price target on the shipping company’s stock. Jefferies Group also issued estimates for Navios Maritime Partners’ Q4 2017 earnings at $0.03 EPS, FY2017 earnings at $0.11 EPS and FY2018 earnings at $0.12 EPS.
A number of other research analysts have also commented on the company. TheStreet raised Navios Maritime Partners from a d+ rating to a c- rating in a research report on Wednesday, November 15th. Zacks Investment Research lowered Navios Maritime Partners from a buy rating to a hold rating in a research report on Thursday, October 19th. Citigroup upped their price target on Navios Maritime Partners from $2.00 to $2.25 and gave the company a neutral rating in a research report on Thursday, November 16th. Finally, Stifel Nicolaus reissued a hold rating and issued a $2.25 target price on shares of Navios Maritime Partners in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $2.19.
Shares of Navios Maritime Partners (NYSE NMM) opened at $2.44 on Monday. The firm has a market capitalization of $367.99, a PE ratio of 244.00 and a beta of 1.84. Navios Maritime Partners has a fifty-two week low of $1.45 and a fifty-two week high of $2.65. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.60.
Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Navios Maritime Partners by 17.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,516,136 shares of the shipping company’s stock valued at $3,184,000 after buying an additional 226,982 shares in the last quarter. Sound Point Capital Management LP increased its position in Navios Maritime Partners by 7.7% during the 2nd quarter. Sound Point Capital Management LP now owns 1,094,891 shares of the shipping company’s stock valued at $1,741,000 after buying an additional 78,743 shares in the last quarter. Renaissance Technologies LLC increased its position in Navios Maritime Partners by 905.0% during the 1st quarter. Renaissance Technologies LLC now owns 776,808 shares of the shipping company’s stock valued at $1,608,000 after buying an additional 699,514 shares in the last quarter. Macquarie Group Ltd. bought a new position in Navios Maritime Partners during the 3rd quarter valued at approximately $320,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Navios Maritime Partners during the 2nd quarter valued at approximately $188,000. 15.31% of the stock is owned by hedge funds and other institutional investors.
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Navios Maritime Partners Company Profile
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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