Navios Maritime (NM) Rating Lowered to Underweight at JPMorgan Chase & Co.

Navios Maritime (NYSE:NM) was downgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report released on Friday, MarketBeat Ratings reports.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Navios Maritime from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a report on Wednesday, January 10th. Jefferies Group initiated coverage on shares of Navios Maritime in a report on Monday, December 18th. They set a “buy” rating and a $2.00 price objective on the stock. Finally, Clarkson Capital raised shares of Navios Maritime from a “neutral” rating to a “buy” rating in a report on Monday, February 12th. Four investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $1.58.

How to Become a New Pot Stock Millionaire

Navios Maritime (NM) opened at $1.00 on Friday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.91 and a current ratio of 1.02. The stock has a market cap of $126.50, a price-to-earnings ratio of -0.66 and a beta of 2.62. Navios Maritime has a fifty-two week low of $0.95 and a fifty-two week high of $1.99.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NM. PenderFund Capital Management Ltd. bought a new stake in shares of Navios Maritime during the 4th quarter worth $2,201,000. State Street Corp raised its stake in shares of Navios Maritime by 2,467.0% during the 2nd quarter. State Street Corp now owns 1,012,873 shares of the shipping company’s stock worth $1,388,000 after purchasing an additional 973,416 shares during the period. Jefferies Group LLC raised its stake in shares of Navios Maritime by 109.7% during the 4th quarter. Jefferies Group LLC now owns 1,504,542 shares of the shipping company’s stock worth $1,805,000 after purchasing an additional 787,238 shares during the period. Northern Trust Corp bought a new stake in shares of Navios Maritime during the 2nd quarter worth $1,065,000. Finally, 683 Capital Management LLC bought a new stake in shares of Navios Maritime during the 3rd quarter worth $501,000. Institutional investors own 23.63% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Navios Maritime (NM) Rating Lowered to Underweight at JPMorgan Chase & Co.” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3298064/navios-maritime-nm-rating-lowered-to-underweight-at-jpmorgan-chase-co.html.

About Navios Maritime

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.

Receive News & Ratings for Navios Maritime Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Critical Comparison: Copart  vs. Its Rivals
Critical Comparison: Copart vs. Its Rivals
Zacks: Analysts Expect Bank Of Princeton  to Post $0.51 EPS
Zacks: Analysts Expect Bank Of Princeton to Post $0.51 EPS
Energen  Earns Buy Rating from Stephens
Energen Earns Buy Rating from Stephens
Smart Sand  Expected to Post Earnings of $0.08 Per Share
Smart Sand Expected to Post Earnings of $0.08 Per Share
JetPay  Getting Favorable News Coverage, Accern Reports
JetPay Getting Favorable News Coverage, Accern Reports
Glen Burnie Bancorp  Receives News Sentiment Rating of -0.08
Glen Burnie Bancorp Receives News Sentiment Rating of -0.08


© 2006-2018 Ticker Report. Google+.