Navios Maritime Acquisition Corporation (NNA) Receives Price Target

Navios Maritime Acquisition Corporation (NNA) : 4 Wall Street analysts covering Navios Maritime Acquisition Corporation (NNA) believe that the average level the stock could reach for the short term is $3.13. The maximum price target given is $5 and the minimum target for short term is around $2, hence the standard deviation is calculated at $1.65.

Navios Maritime Acquisition Corporation (NNA) : 2 brokerage houses believe that Navios Maritime Acquisition Corporation (NNA) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Navios Maritime Acquisition Corporation (NNA). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 2.6.


Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Navios Maritime Acquisition Corporation (NYSE:NNA). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $2 per share from a prior target of $2.5. The rating by the firm was issued on August 19, 2016.

Navios Maritime Acquisition Corporation (NYSE:NNA): The stock was completely flat for the day, closing at $1.45 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $1.45, the stock touched an intraday high of $1.47 and a low of $1.42. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $1.45. The total trading volume on Thursday was 706,172.

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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