The stock of Navios Maritime Holdings Inc. (NYSE:NM) is a huge mover today! About 6.60 million shares traded hands or 657.81% up from the average. Navios Maritime Holdings Inc. (NYSE:NM) has risen 36.64% since April 14, 2016 and is uptrending. It has outperformed by 31.95% the S&P500.
The move comes after 8 months positive chart setup for the $258.25 million company. It was reported on Nov, 16 by Barchart.com. We have $3.21 PT which if reached, will make NYSE:NM worth $118.80 million more.
Navios Maritime Holdings Inc. (NYSE:NM) Ratings Coverage
Out of 4 analysts covering Navios Maritime Holdings (NYSE:NM), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. Navios Maritime Holdings has been the topic of 8 analyst reports since August 21, 2015 according to StockzIntelligence Inc. On Tuesday, November 24 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The rating was initiated by JP Morgan with “Overweight” on Thursday, October 15. Citigroup downgraded Navios Maritime Holdings Inc. (NYSE:NM) rating on Wednesday, April 27. Citigroup has “Sell” rating and $1 price target. The company was downgraded on Wednesday, August 26 by Zacks. Stifel Nicolaus downgraded the stock to “Sell” rating in Thursday, January 7 report. Clarkson Capital downgraded the stock to “Neutral” rating in Tuesday, February 9 report. As per Tuesday, January 26, the company rating was downgraded by JP Morgan.
According to Zacks Investment Research, “Navios Maritime Holdings Inc. is a seaborne shipping and logistics company engaged in the transport and transshipment of drybulk commodities including iron ore, coal and grain. It operates in three segments: Drybulk Vessel Operations, Tanker Vessel Operations and Logistics Business. The Company also engages in operating ports and transfer station terminals and handles vessels, barges, and push boats, as well as operates upriver transport facilities in the Hidrovia region. Navios Maritime Holdings Inc. is headquartered in Piraeus, Greece.”
More important recent Navios Maritime Holdings Inc. (NYSE:NM) news were published by: Globenewswire.com which released: “Navios Maritime Holdings Inc. Announces the Date for the Release of Third …” on November 16, 2016, also Moodys.com published article titled: “Moody’s downgrades Navios Holdings’ rating to Caa1; stable outlook”, Moodys.com published: “Moody’s downgrades Navios Holdings’ ratings to Caa3; negative outlook” on April 26, 2016. More interesting news about Navios Maritime Holdings Inc. (NYSE:NM) was released by: Globenewswire.com and their article: “Navios Maritime Holdings Inc. Reports Financial Results for the Second Quarter …” with publication date: August 25, 2016.
NM Company Profile
Navios Maritime Holdings Inc. (Navios Holdings), incorporated on November 19, 2002, is a global, vertically integrated seaborne shipping and logistics company. The Firm is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. The Firm operates through two divisions: the Dry bulk Vessel Operations and the Logistics Business. The Dry bulk Vessel Operations segment consists of the transportation and handling of bulk cargoes through the ownership, operation and trading of vessels, freight and forward freight agreements (FFAs). The Logistics Business segment consists of port terminal business, barge business and cabotage business in the Hidrovia region of South America. Navios Holdings also offers commercial and technical management services to the fleets of Navios Maritime Partners L.P. (Navios Partners), Navios Maritime Acquisition Corporation (Navios Acquisition), Navios Maritime Midstream Partners L.P. (Navios Midstream), Navios Europe Inc. (Navios Europe I) and Navios Europe (II) Inc. (Navios Europe II).
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