Brokerages Set Navios Maritime Holdings Inc. (NM) Target Price at $1.00
Shares of Navios Maritime Holdings Inc. (NYSE:NM) have been given a consensus recommendation of “Hold” by the six analysts that are covering the firm. Three investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $1.00.
Separately, Zacks Investment Research raised Navios Maritime Holdings from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a research report on Wednesday, August 31st.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its position in Navios Maritime Holdings by 10.1% in the third quarter. Advisor Group Inc. now owns 1,220,777 shares of the company’s stock valued at $1,476,000 after buying an additional 111,748 shares during the period. California Public Employees Retirement System boosted its position in Navios Maritime Holdings by 1.1% in the third quarter. California Public Employees Retirement System now owns 1,994,400 shares of the company’s stock valued at $2,413,000 after buying an additional 22,600 shares during the period. Cubist Systematic Strategies LLC boosted its position 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 period. Paloma Partners Management Co acquired a new position in Navios Maritime Holdings during the second quarter valued at approximately $235,000. Finally, Parametric Portfolio Associates LLC boosted its position 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. Institutional investors and hedge funds own 15.30% of the company’s stock.
Navios Maritime Holdings (NYSE:NM) opened at 1.68 on Tuesday. The stock’s market capitalization is $178.10 million. The firm has a 50 day moving average price of $1.26 and a 200 day moving average price of $1.07. Navios Maritime Holdings has a 52 week low of $0.57 and a 52 week high of $2.40.
Navios Maritime Holdings (NYSE:NM) last issued its earnings results on Tuesday, November 22nd. The company reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.01. Navios Maritime Holdings had a negative return on equity of 8.74% and a negative net margin of 31.91%. The company earned $113.09 million during the quarter, compared to the consensus estimate of $130.96 million. During the same quarter in the prior year, the business earned ($0.23) earnings per share. The company’s revenue was down 13.7% compared to the same quarter last year. Equities research analysts predict that Navios Maritime Holdings will post ($0.94) earnings per share for the current 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.
Receive News & Stock Ratings for Navios Maritime Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime Holdings Inc. and related stocks with our FREE daily email newsletter.