Press coverage about Navios Maritime Partners (NYSE:NMM) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Navios Maritime Partners earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the shipping company an impact score of 45.6218215583761 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research firms have recently weighed in on NMM. BidaskClub upgraded shares of Navios Maritime Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Navios Maritime Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC assumed coverage on shares of Navios Maritime Partners in a research note on Monday, June 5th. They set a “buy” rating and a $2.00 price target for the company. Finally, Stifel Nicolaus restated a “hold” rating and set a $2.25 price target on shares of Navios Maritime Partners in a research note on Friday, September 1st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $2.19.
Shares of Navios Maritime Partners (NYSE:NMM) traded down 0.46% during mid-day trading on Friday, reaching $2.17. 303,291 shares of the company’s stock were exchanged. Navios Maritime Partners has a one year low of $1.15 and a one year high of $2.94. The stock has a 50-day moving average of $1.97 and a 200 day moving average of $1.86. The firm’s market capitalization is $326.47 million.
Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings data on Thursday, July 27th. The shipping company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Navios Maritime Partners had a positive return on equity of 2.60% and a negative net margin of 19.50%. The business had revenue of $50.02 million during the quarter, compared to the consensus estimate of $44.37 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, analysts forecast that Navios Maritime Partners will post $0.06 EPS for the current fiscal year.
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Navios Maritime Partners Company Profile
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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