Zacks Investment Research upgraded shares of Navios Maritime (NYSE:NM) from a hold rating to a buy rating in a report released on Saturday, Zacks.com reports. Zacks Investment Research currently has $4.00 price target 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. “

Separately, ValuEngine lowered shares of Navios Maritime from a hold rating to a sell rating in a report on Friday, May 3rd.

NM traded up $0.31 on Friday, reaching $3.91. 192,479 shares of the company traded hands, compared to its average volume of 218,105. Navios Maritime has a one year low of $1.69 and a one year high of $9.50. The firm has a market capitalization of $45.80 million, a price-to-earnings ratio of -0.58 and a beta of 2.45. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.93 and a quick ratio of 0.85.

Navios Maritime (NYSE:NM) last announced its quarterly earnings data on Wednesday, February 20th. The shipping company reported ($1.79) earnings per share for the quarter, meeting analysts’ consensus estimates of ($1.79). Navios Maritime had a negative net margin of 53.38% and a negative return on equity of 12.83%. The company had revenue of $127.35 million during the quarter, compared to analyst estimates of $135.63 million. On average, equities analysts anticipate that Navios Maritime will post -9.33 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of Navios Maritime in the 1st quarter valued at about $36,000. Jefferies Group LLC bought a new stake in shares of Navios Maritime in the 1st quarter valued at about $110,000. Nut Tree Capital Management LP bought a new stake in shares of Navios Maritime in the 1st quarter valued at about $706,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Navios Maritime by 16.4% in the 3rd quarter. Renaissance Technologies LLC now owns 2,224,019 shares of the shipping company’s stock valued at $1,576,000 after purchasing an additional 313,100 shares in the last quarter. Institutional investors and hedge funds own 63.61% of the company’s stock.

Navios Maritime Company Profile

Navios Maritime Holdings Inc operates as a seaborne shipping and logistics company in North America, Europe, Asia, South America, and internationally. The company focuses on the transportation and transshipment of dry bulk commodities, including iron ores, coal, and grains. It operates through three segments: Dry Bulk Vessel Operations, Logistics Business, and Containers Business.

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