Zacks Investment Research upgraded shares of Navios Maritime Holdings Inc. (NYSE:NM) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. Zacks Investment Research currently has $2.00 target price on the shipping company’s stock.

According to Zacks, “Navios Maritime Holdings Inc. is a seaborne shipping and logistics company engaged in the transport and transshipment of drybulk commodities including iron ore, coal and grain. It operates in three segments: Drybulk Vessel Operations, Tanker Vessel Operations and Logistics Business. The Company also engages in operating ports and transfer station terminals and handles vessels, barges, and push boats, as well as operates upriver transport facilities in the Hidrovia region. Navios Maritime Holdings Inc. is headquartered in Piraeus, Greece. “

A number of other analysts have also recently weighed in on the stock. Clarkson Capital cut shares of Navios Maritime Holdings from a buy rating to a neutral rating in a research note on Tuesday, October 17th. ValuEngine cut shares of Navios Maritime Holdings from a hold rating to a sell rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $1.63.

Navios Maritime Holdings (NYSE NM) opened at $1.76 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 2.25.

Navios Maritime Holdings (NYSE:NM) last posted its earnings results on Tuesday, August 22nd. The shipping company reported ($0.26) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.04. The firm had revenue of $118.60 million for the quarter, compared to the consensus estimate of $114.27 million. Navios Maritime Holdings had a negative net margin of 22.05% and a negative return on equity of 14.37%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm posted ($0.29) EPS. sell-side analysts forecast that Navios Maritime Holdings will post -0.82 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of the stock. California State Teachers Retirement System acquired a new stake in Navios Maritime Holdings during the 2nd quarter worth $218,000. State Street Corp boosted its stake in Navios Maritime Holdings 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. Goldman Sachs Group Inc. boosted its stake in Navios Maritime Holdings by 2.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 881,941 shares of the shipping company’s stock worth $1,208,000 after purchasing an additional 23,789 shares during the period. Virtu KCG Holdings LLC acquired a new stake in Navios Maritime Holdings during the 2nd quarter worth $250,000. Finally, Advisor Group Inc. boosted its stake in Navios Maritime Holdings by 3.9% during the 2nd quarter. Advisor Group Inc. now owns 1,135,750 shares of the shipping company’s stock worth $1,555,000 after purchasing an additional 42,750 shares during the period. Hedge funds and other institutional investors own 21.08% of the company’s stock.

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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