Clarkson Capital upgraded shares of Navios Maritime (NYSE:NM) from a neutral rating to a buy rating in a report published on Monday, The Fly reports.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Navios Maritime from a hold rating to a buy rating and set a $1.50 target price on the stock in a research note on Wednesday, January 10th. ValuEngine cut shares of Navios Maritime from a sell rating to a strong sell rating in a research note on Tuesday, November 14th. Finally, Jefferies Group began coverage on shares of Navios Maritime in a research note on Monday, December 18th. They issued a buy rating and a $2.00 target price on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $1.58.

Navios Maritime (NM) opened at $1.27 on Monday. Navios Maritime has a twelve month low of $0.95 and a twelve month high of $2.26. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.02 and a quick ratio of 0.91.

Navios Maritime (NYSE:NM) last released its quarterly earnings results on Tuesday, November 21st. The shipping company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.04). Navios Maritime had a negative return on equity of 17.18% and a negative net margin of 21.39%. The firm had revenue of $120.60 million for the quarter, compared to analysts’ expectations of $138.00 million. During the same quarter last year, the firm posted ($0.25) earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities research analysts forecast that Navios Maritime will post -1.03 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NM. Schwab Charles Investment Management Inc. purchased a new position in Navios Maritime in the second quarter valued at about $232,000. Rhumbline Advisers purchased a new position in Navios Maritime in the second quarter valued at about $107,000. Bank of New York Mellon Corp purchased a new position in Navios Maritime in the second quarter valued at about $341,000. Teachers Advisors LLC purchased a new position in Navios Maritime in the second quarter valued at about $250,000. Finally, TIAA CREF Investment Management LLC purchased a new position in Navios Maritime in the second quarter valued at about $335,000. Hedge funds and other institutional investors own 19.58% of the company’s stock.

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Navios Maritime 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.

The Fly

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