Analyst Rating Update on Navios Maritime Acquisition Corporation (NNA)

Navios Maritime Acquisition Corporation (NNA) : The consensus on Navios Maritime Acquisition Corporation (NNA) based on 4 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Navios Maritime Acquisition Corporation (NNA) : 3 investment research analysts covering Navios Maritime Acquisition Corporation (NNA) have an average price target of $3.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $5 and the lowest target is $2 for the short term. Analysts expect the variance to be within $1.53 of the average price.

For the current week, the company shares have a recommendation consensus of Buy.


Navios Maritime Acquisition Corporation (NYSE:NNA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.45 and $1.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.49, notching a gain of 2.05% for the day. The total traded volume was 997,673 . The stock had closed at $1.46 on the previous day.

Navios Maritime Acquisition Corporation is a Monaco-based company that owns a fleet of crude oil, refined petroleum product and chemical tankers providing marine transportation services across the world. The Companys strategy is to charter its vessels to international oil companies, refiners and large vessel operators under long, medium and short-term charters. The operations of the Company are managed by Navios Maritime Holdings Inc. The Companys fleet consists of a total of approximately 39 double-hulled tanker vessels, aggregating approximately 4.1 million deadweight tons (dwt).

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