Navios Maritime Partners (NYSE:NMM) had its price objective reduced by Morgan Stanley from $2.20 to $1.80 in a research report issued to clients and investors on Tuesday. The firm currently has an “underweight” rating on the shipping company’s stock. Morgan Stanley’s target price would suggest a potential upside of 5.88% from the stock’s previous close.

Several other analysts also recently weighed in on NMM. Jefferies Group initiated coverage on Navios Maritime Partners in a research note on Monday, December 18th. They set a “buy” rating and a $2.00 price target on the stock. Zacks Investment Research downgraded Navios Maritime Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, JPMorgan Chase downgraded Navios Maritime Partners from an “overweight” rating to a “neutral” rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Navios Maritime Partners has a consensus rating of “Hold” and a consensus price target of $2.31.

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Navios Maritime Partners stock traded down $0.01 during trading hours on Tuesday, hitting $1.70. 41,477 shares of the stock traded hands, compared to its average volume of 916,627. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $284.90, a PE ratio of 10.63 and a beta of 1.49. Navios Maritime Partners has a 1 year low of $1.45 and a 1 year high of $2.62.

Navios Maritime Partners (NYSE:NMM) last posted its quarterly earnings results on Monday, February 5th. The shipping company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The business had revenue of $59.27 million for the quarter, compared to the consensus estimate of $57.86 million. Navios Maritime Partners had a positive return on equity of 2.77% and a negative net margin of 7.13%. analysts predict that Navios Maritime Partners will post 0.17 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of NMM. LPL Financial LLC boosted its stake in shares of Navios Maritime Partners by 115.2% in the fourth quarter. LPL Financial LLC now owns 56,049 shares of the shipping company’s stock worth $132,000 after buying an additional 30,000 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Navios Maritime Partners in the fourth quarter worth about $196,000. Concourse Capital Management LLC purchased a new stake in shares of Navios Maritime Partners in the fourth quarter worth about $208,000. Deutsche Bank AG purchased a new stake in shares of Navios Maritime Partners in the fourth quarter worth about $220,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Navios Maritime Partners by 137.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 109,356 shares of the shipping company’s stock worth $257,000 after buying an additional 63,312 shares during the last quarter. Hedge funds and other institutional investors own 16.05% of the company’s stock.

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About Navios Maritime Partners

Navios Maritime Partners L.P. owns and operates container and dry bulk vessels in Asia, Europe, North America, and Australia. The company 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.

Analyst Recommendations for Navios Maritime Partners (NYSE:NMM)

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