Investment analysts at Imperial Capital began coverage on shares of Navios Maritime Partners L.P. (NYSE: NMM) in a note issued to investors on Tuesday. The firm set an “outperform” rating and a $17.75 price target on the stock.
Navios Maritime Partners L.P. traded up 0.13% on Tuesday, hitting $15.72. Navios Maritime Partners L.P. has a 1-year low of $11.06 and a 1-year high of $20.49. The company has a market cap of $874.7 million and a price-to-earnings ratio of 13.49.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.30 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.31 EPS by $0.01. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Analysts expect that Navios Maritime Partners L.P. will post $0.29 EPS next quarter.
Navios Maritime Partners L.P. (Navios Partners) is an international owner and operator of drybulk carriers formed by Navios Maritime Holdings Inc.