Navios Maritime Holdings Inc. (NM)

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Navios Maritime Holdings Rating Lowered to Sell at TheStreet (NM)
January 30th, 2015 - 0 comments - Filed Under - by Justin Garson
Filed Under: Analyst Articles - US - Investing
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Navios Maritime Holdings (NYSE:NM) was downgraded by stock analysts at TheStreet from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Shares of Navios Maritime Holdings (NYSE:NM) remained flat at $3.70 during during mid-day trading trading on Wednesday. 886,763 shares of the company’s stock traded hands. Navios Maritime Holdings has a one year low of $3.50 and a one year high of $12.12. The stock’s 50-day moving average is $3.96 and its 200-day moving average is $6.20. The company’s market cap is $384.1 million.

Navios Maritime Holdings (NYSE:NM) last released its earnings data on Monday, November 24th. The company reported ($0.20) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.15) by $0.05. The company had revenue of $152.60 million for the quarter, compared to the consensus estimate of $127.90 million. During the same quarter last year, the company posted ($0.13) earnings per share. Navios Maritime Holdings’s revenue was up 24.8% compared to the same quarter last year. Analysts expect that Navios Maritime Holdings will post $-0.42 EPS for the current fiscal year.

Separately, analysts at MLV & Co
reiterated a “buy” rating and set a $8.00 price target on shares of Navios Maritime Holdings in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $11.43.

Navios Maritime Holdings Inc (NYSE:NM) is a global, vertically integrated seaborne shipping and logistics company which operates numerous businesses focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.