Navios Maritime Partners (NYSE:NMM): Morgan Stanley Maintains “Underweight” Rating Today, Has a Target of $1.8/Share

April 18, 2018 - By Darrin Black

Navios Maritime Partners (NYSE:NMM) Rating Reaffirmed

Navios Maritime Partners (NYSE:NMM) just had their share rating of a ‘”Underweight”‘ issued by research analysts at Morgan Stanley, who now has a $1.8 TP on the $304.40M market cap company or a 1.12 % upside potential. This key information was disclosed in analysts note on Tuesday morning.

Navios Maritime Partners L.P. (NYSE:NMM) Ratings Coverage

Among 5 analysts covering Navios Maritime Partners LP (NYSE:NMM), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Navios Maritime Partners LP has $3.0 highest and $1.8 lowest target. $2.35’s average target is 32.02% above currents $1.78 stock price. Navios Maritime Partners LP had 6 analyst reports since November 16, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Monday, December 18 by Jefferies. The stock of Navios Maritime Partners L.P. (NYSE:NMM) earned “Underweight” rating by Morgan Stanley on Tuesday, April 17. The stock of Navios Maritime Partners L.P. (NYSE:NMM) has “Buy” rating given on Monday, February 5 by Jefferies. The firm has “Hold” rating by J.P. Morgan given on Wednesday, January 17. Citigroup maintained the shares of NMM in report on Thursday, November 16 with “Neutral” rating. JP Morgan downgraded Navios Maritime Partners L.P. (NYSE:NMM) on Wednesday, January 17 to “Neutral” rating.

The stock increased 4.09% or $0.07 during the last trading session, reaching $1.78. About 682,634 shares traded. Navios Maritime Partners L.P. (NYSE:NMM) has declined 9.84% since April 18, 2017 and is downtrending. It has underperformed by 21.39% the S&P500.

Analysts await Navios Maritime Partners L.P. (NYSE:NMM) to report earnings on May, 28. They expect $0.02 earnings per share, up 100.00 % or $0.01 from last year’s $0.01 per share. NMM’s profit will be $3.42M for 22.25 P/E if the $0.02 EPS becomes a reality. After $0.07 actual earnings per share reported by Navios Maritime Partners L.P. for the previous quarter, Wall Street now forecasts -71.43 % negative EPS growth.

Navios Maritime Partners L.P. owns and operates container and dry bulk vessels in Asia, Europe, North America, and Australia. The company has market cap of $304.40 million. The firm offers seaborne transportation services for a range of dry cargo commodities, including iron ore, coal, grain, and fertilizers, as well as charters its vessels under medium to long-term charters. It currently has negative earnings. The Company’s fleet comprises 12 Panamax vessels, 9 Capesize vessels, 3 Ultra-Handymax vessels, and 7 container vessels.

Navios Maritime Partners L.P. (NYSE:NMM) Ratings Chart

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