Analysts Set Navios Maritime Holdings Inc. (NYSE:NM) Price Target at $1.13
Shares of Navios Maritime Holdings Inc. (NYSE:NM) have been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the firm. Three investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $1.13.
Separately, Zacks Investment Research raised Navios Maritime Holdings from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a report on Thursday, June 23rd.
Several large investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC increased its stake in Navios Maritime Holdings by 241.6% in the second quarter. Cubist Systematic Strategies LLC now owns 153,891 shares of the company’s stock valued at $125,000 after buying an additional 108,847 shares during the last quarter. Paloma Partners Management Co bought a new stake in Navios Maritime Holdings during the second quarter valued at approximately $235,000. Parametric Portfolio Associates LLC boosted its stake in Navios Maritime Holdings by 37.2% in the second quarter. Parametric Portfolio Associates LLC now owns 2,272,883 shares of the company’s stock valued at $1,841,000 after buying an additional 616,693 shares during the period. Advisor Group Inc. bought a new stake in Navios Maritime Holdings during the second quarter valued at approximately $897,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Navios Maritime Holdings during the second quarter valued at approximately $116,000. 15.53% of the stock is owned by institutional investors and hedge funds.
Navios Maritime Holdings (NYSE:NM) opened at 1.17 on Tuesday. The stock’s 50 day moving average is $1.03 and its 200 day moving average is $1.08. The stock’s market capitalization is $124.03 million. Navios Maritime Holdings has a 12-month low of $0.57 and a 12-month high of $3.26.
Navios Maritime Holdings (NYSE:NM) last announced its quarterly earnings data on Thursday, August 25th. The company reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.09. Navios Maritime Holdings had a negative return on equity of 8.41% and a negative net margin of 29.44%. The company had revenue of $105.70 million for the quarter, compared to analyst estimates of $112.07 million. During the same period in the prior year, the firm posted ($0.27) earnings per share. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. Equities research analysts forecast that Navios Maritime Holdings will post ($0.94) EPS for the current fiscal year.
Navios Maritime Holdings Company Profile
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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