Analyst Rating Update on Navios Maritime Holdings (NM)

Navios Maritime Holdings (NYSE:NM) : 3 analysts are covering Navios Maritime Holdings (NYSE:NM) and their average rating on the stock is 3.67, which is read as a Sell. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

The shares have received a consensus rating of Sell for the current week Also, In a research note released to the investors, Citigroup downgrades its rating on Navios Maritime Holdings (NYSE:NM).The analysts at the brokerage house have a current rating of Sell on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. In a recent information released to the investors, Citigroup raises the new price target from $0.85 per share to $1 per share. The rating by the firm was issued on April 27, 2016.

Navios Maritime Holdings (NYSE:NM): stock turned positive on Tuesday. Though the stock opened at $0.728, the bulls momentum made the stock top out at $0.88 level for the day. The stock recorded a low of $0.728 and closed the trading day at $0.79, in the green by 12.86%. The total traded volume for the day was 1,469,914. The stock had closed at $0.7 in the previous days trading.

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. Navios Holdings operates through two segments: the Dry bulk Vessel Operations and the Logistics Business. The Dry bulk Vessel Operations segment consists of the transportation and handling of bulk cargoes through the ownership, operation and trading of vessels, freight and forward freight agreements (FFAs). The Logistics Business segment consists of the Companys port terminal business, barge business and cabotage business in the Hidrovia region of South America. Navios Holdings also offers commercial and technical management services to the fleets of Navios Partners, Navios Acquisition, Navios Midstream and Navios Europe. The Companys fleet (excluding the Navios Logistics fleet) consists of around 66 vessels.

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