Analyst Price Target Update on Navios Maritime Partners LP (NYSE:NMM)

Navios Maritime Partners LP (NYSE:NMM): The mean estimate for the short term price target for Navios Maritime Partners LP (NYSE:NMM) stands at $1.31 according to 4 Analysts. The higher price target estimate for the stock has been calculated at $3 while the lower price target estimate is at $1.

Company shares have received an average consensus rating of Hold for the current week

Navios Maritime Partners LP (NYSE:NMM) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.14 points or 9.86% at $1.28 with 883,652 shares getting traded. Post opening the session at $1.38, the shares hit an intraday low of $1.27 and an intraday high of $1.4199 and the price was in this range throughout the day. The company has a market cap of $106 million and the number of outstanding shares have been calculated to be 83,079,710 shares. The 52-week high of Navios Maritime Partners LP (NYSE:NMM) is $11.95 and the 52-week low is $0.7921.

Navios Maritime Partners L.P. (Navios Partners) is an international owner and operator of dry bulk and container vessels formed by Navios Holdings, which is a vertically integrated seaborne shipping company. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain, fertilizer and also containers, chartering its vessels under medium to long-term charters. The operations of Navios Partners are managed by Navios ShipManagement Inc., which is a subsidiary of Navios Holdings (the Manager), from its offices in Piraeus, Greece, Singapore and Monaco. The Companys vessels are chartered-out under medium to long-term time charters with an average remaining term of approximately three years to a group, including Cosco Bulk Carrier Co. Ltd., Mitsui O.S.K. Lines Ltd., Exelon Corporation, Rio Tinto, Hyundai Merchant Marine Co., Ltd and Mediterranean Shipping Co. S.A.

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