Investment analysts at Jefferies Group assumed coverage on shares of Navios Maritime Partners (NYSE:NMM) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating and a $2.00 price target on the shipping company’s stock. Jefferies Group’s target price would indicate a potential downside of 12.66% from the stock’s previous close.
A number of other research analysts also recently weighed in on the stock. TheStreet raised shares of Navios Maritime Partners from a “d+” rating to a “c-” rating in a research report on Wednesday, November 15th. Citigroup raised their target price on shares of Navios Maritime Partners from $2.00 to $2.25 and gave the company a “neutral” rating in a research report on Thursday, November 16th. Zacks Investment Research downgraded shares of Navios Maritime Partners from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $2.25 target price on shares of Navios Maritime Partners in a research report on Friday, September 1st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Navios Maritime Partners has a consensus rating of “Hold” and an average target price of $2.19.
Navios Maritime Partners (NYSE NMM) opened at $2.29 on Monday. The firm has a market cap of $338.46, a price-to-earnings ratio of 13.47 and a beta of 1.85. Navios Maritime Partners has a 12-month low of $1.40 and a 12-month high of $2.65. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.39 and a quick ratio of 1.39.
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About Navios Maritime Partners
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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