The stock of Navios Maritime Partners L.P. (NYSE:NMM) is a huge mover today! About 3.74M shares traded hands or 694.28% up from the average. Navios Maritime Partners L.P. (NYSE:NMM) has risen 6.75% since April 14, 2016 and is uptrending. It has outperformed by 2.06% the S&P500.
The move comes after 6 months positive chart setup for the $207.85 million company. It was reported on Nov, 16 by Barchart.com. We have $5.64 PT which if reached, will make NYSE:NMM worth $332.56 million more.
Navios Maritime Partners L.P. (NYSE:NMM) Ratings Coverage
Out of 5 analysts covering Navios Maritime Partners (NYSE:NMM), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. Navios Maritime Partners has been the topic of 7 analyst reports since September 17, 2015 according to StockzIntelligence Inc. The stock of Navios Maritime Partners L.P. (NYSE:NMM) earned “Underweight” rating by JP Morgan on Thursday, October 15. JP Morgan upgraded Navios Maritime Partners L.P. (NYSE:NMM) on Tuesday, January 26 to “Overweight” rating. Deutsche Bank maintained it with “Buy” rating and $8.50 target price in Wednesday, November 4 report. Citigroup downgraded the stock to “Neutral” rating in Tuesday, November 3 report.
According to Zacks Investment Research, “Navios Maritime Partners L.P. is an international owner and operator of dry cargo vessels. It engages in the seaborne transportation services of drybulk commodities including iron ore, coal, grains, fertilizers and chartering of its vessels under medium to long-term charters. Navios Maritime Partners L.P. is headquartered in Piraeus, Greece.”
More news for Navios Maritime Partners L.P. (NYSE:NMM) were recently published by: Seekingalpha.com, which released: “Navios Maritime Partners: What’s Going On?” on September 29, 2016. Moodys.com‘s article titled: “Moody’s downgrades Navios Partners’ ratings to B3; negative outlook” and published on May 18, 2016 is yet another important article.
NMM Company Profile
Navios Maritime Partners L.P. (Navios Partners), incorporated on August 7, 2007, is an international owner and operator of dry cargo and container vessels. The Firm is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters. It focuses on providing seaborne shipping services under long-term time charters. Navios Partners controls approximately 12 Panamax vessels, over eight Capesize vessels, approximately three Ultra-Handymax vessels and over eight Container vessels. The Company’s fleet of dry cargo vessels has an average age of over 8.7 years for drybulk and container vessels.
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