Navios Maritime Acquisition Co. (NNA) Receives $1.63 Consensus Price Target from Brokerages

Navios Maritime Acquisition Co. (NYSE:NNA) has been assigned an average rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $1.63.

Several analysts have weighed in on the company. Zacks Investment Research raised Navios Maritime Acquisition from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 28th. ValuEngine cut Navios Maritime Acquisition from a “sell” rating to a “strong sell” rating in a research report on Monday, April 2nd. Finally, JPMorgan Chase reaffirmed a “neutral” rating on shares of Navios Maritime Acquisition in a research report on Friday, January 19th.

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A number of institutional investors have recently bought and sold shares of NNA. Macquarie Group Ltd. bought a new stake in Navios Maritime Acquisition during the 3rd quarter valued at approximately $124,000. Millennium Management LLC bought a new stake in shares of Navios Maritime Acquisition in the 4th quarter worth approximately $171,000. Deutsche Bank AG boosted its position in shares of Navios Maritime Acquisition by 137.3% in the 4th quarter. Deutsche Bank AG now owns 186,773 shares of the shipping company’s stock worth $205,000 after purchasing an additional 108,077 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Navios Maritime Acquisition by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 164,307 shares of the shipping company’s stock worth $242,000 after purchasing an additional 3,730 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Navios Maritime Acquisition by 71.3% in the 3rd quarter. California Public Employees Retirement System now owns 286,854 shares of the shipping company’s stock worth $350,000 after purchasing an additional 119,354 shares in the last quarter. 20.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE NNA traded up $0.04 during trading hours on Wednesday, hitting $0.84. The company’s stock had a trading volume of 12,210 shares, compared to its average volume of 807,182. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.60 and a quick ratio of 1.60. Navios Maritime Acquisition has a 12 month low of $0.67 and a 12 month high of $1.75.

Navios Maritime Acquisition (NYSE:NNA) last posted its earnings results on Wednesday, February 7th. The shipping company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). The business had revenue of $44.20 million during the quarter, compared to the consensus estimate of $53.63 million. Navios Maritime Acquisition had a negative return on equity of 3.81% and a negative net margin of 34.67%. research analysts predict that Navios Maritime Acquisition will post -0.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 27th. Shareholders of record on Thursday, March 22nd were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $0.08 annualized dividend and a yield of 9.52%. Navios Maritime Acquisition’s payout ratio is -66.67%.

Navios Maritime Acquisition announced that its board has authorized a stock buyback plan on Wednesday, February 7th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the shipping company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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About Navios Maritime Acquisition

Navios Maritime Acquisition Corporation is an international shipping company. The Company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing marine transportation services around the world. The Company charters its vessels to international oil companies, refiners and vessel operators under long, medium and short-term charters.

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