Navios Maritime Partners LP (NMM) Receives Analyst Rating

Navios Maritime Partners LP (NMM) : 1 brokerage houses believe that Navios Maritime Partners LP (NMM) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Navios Maritime Partners LP (NMM). Zacks Investment Research suggests a Hold with a rank of 3. 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 6 Wall Street Analysts endorse the stock as a Hold with a rating of 2.88.

Navios Maritime Partners LP (NMM) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $2 and the lowest price target forecast is $1. The average forecast of all the analysts is $1.19 and the expected standard deviation is $0.63.


Navios Maritime Partners LP (NYSE:NMM): The stock opened in the green at $1.34 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $1.35 and a low of $1.25 for the day. The stock did not find buyers even at the lows and closed at $1.3 recording a loss of -3.70%. 718,510 shares exchanged hands during the trading day. The stock had closed at $1.35 in the previous days trading.

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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