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.
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.
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.
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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.
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