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Navios Maritime Partners L.P.(NMM)
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Are Transportation Stocks Lagging Navios Maritime Partners (NMM) This Year?
ZACKS· 2024-06-17 14:46
Navios Maritime Partners LP is one of 132 individual stocks in the Transportation sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our latest available data shows that NMM has returned about 68.6% since the start of the calendar year. Meanwhile, stocks in the Transportation group have lost about 5.9 ...
Best Value Stocks to Buy for June 17th
ZACKS· 2024-06-17 10:46
Here are three stocks with buy rank and strong value characteristics for investors to consider today, June 17th: Navios has a price-to-earnings ratio (P/E) of 3.10, compared with 7.90 for the industry. The company possesses a Value Score of A. ODP has a price-to-earnings ratio (P/E) of 6.34, compared with 10.50 for the industry. The company possesses a Value Score of A. Sunoco has a price-to-earnings ratio (P/E) of 7.13, compared with 20.00 for the industry. The company possesses a Value Score of A. Learn m ...
Navios Maritime Partners (NMM) Is a Great Choice for 'Trend' Investors, Here's Why
ZACKS· 2024-06-14 13:51
Core Insights - The article emphasizes the importance of identifying stocks with strong price trends and solid fundamentals for potential investment opportunities [1][5][11] Group 1: Price Trends - A price increase of 6.1% over the past four weeks indicates that the stock's upward trend is maintained [2] - Navios Maritime Partners LP (NMM) has gained 18.7% over the past 12 weeks, reflecting investor confidence in its potential upside [6] - NMM is currently trading at 88.3% of its 52-week high-low range, suggesting it may be on the verge of a breakout [12] Group 2: Fundamental Strength - NMM carries a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [7] - The stock has an Average Broker Recommendation of 1 (Strong Buy), indicating high optimism from the brokerage community regarding its near-term price performance [13] Group 3: Investment Strategy - The Zacks Rank stock-rating system has shown a strong track record, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [3] - The article suggests that confirming sound fundamentals and positive earnings estimate revisions is crucial for sustaining stock momentum [5][10]
Should Value Investors Buy Navios Maritime Partners (NMM) Stock?
ZACKS· 2024-06-10 14:45
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...
Here is What to Know Beyond Why Navios Maritime Partners LP (NMM) is a Trending Stock
ZACKS· 2024-06-10 14:01
Navios Maritime Partners LP (NMM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Earnings Estimate Revisions Shares of this company have returned +9.8% over the past month versus the Zacks S&P 500 composite's +3.3% change. The Zacks Transportation - Shipping industry, to which Navios Maritime Partners belongs, has gained 6.8% over this period. Now the key question is: Where co ...
Navios Maritime Partners LP (NMM) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-06-06 14:15
Have you been paying attention to shares of Navios Maritime Partners LP (NMM) ? Shares have been on the move with the stock up 12.6% over the past month. The stock hit a new 52-week high of $53.28 in the previous session. Navios Maritime Partners LP has gained 88.4% since the start of the year compared to the -3% move for the Zacks Transportation sector and the 23.5% return for the Zacks Transportation - Shipping industry. What's Driving the Outperformance? The stock has an impressive record of positive ear ...
Navios Maritime Partners (NMM) Upgraded to Strong Buy: What Does It Mean for the Stock?
zacks.com· 2024-05-29 17:01
Core Viewpoint - Navios Maritime Partners LP (NMM) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks rating system is based on the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts for the current and following years [2]. - A strong correlation exists between changes in earnings estimates and near-term stock price movements, making the Zacks rating system valuable for investors [3][5]. - For the fiscal year ending December 2024, Navios Maritime Partners is expected to earn $15.20 per share, representing a 22.1% increase from the previous year [9]. Institutional Investor Influence - Institutional investors utilize earnings estimates to calculate the fair value of stocks, leading to significant buying or selling activity that impacts stock prices [5]. - The recent increase in earnings estimates for Navios Maritime Partners indicates an improvement in the company's underlying business, which is likely to drive the stock price higher [6]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - The upgrade of Navios Maritime Partners to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for near-term price appreciation [12].
Here's Why Momentum in Navios Maritime Partners (NMM) Should Keep going
zacks.com· 2024-05-29 13:50
Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. - ...
Is Trending Stock Navios Maritime Partners LP (NMM) a Buy Now?
zacks.com· 2024-05-28 14:01
Navios Maritime Partners LP (NMM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this company have returned +10.2%, compared to the Zacks S&P 500 composite's +4.2% change. During this period, the Zacks Transportation - Shipping industry, which Navios Maritime Partners falls in, has gained 13.7%. The key question now is: What could be the stock's future ...
Are Investors Undervaluing Navios Maritime Partners (NMM) Right Now?
zacks.com· 2024-05-24 14:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Navios Maritime Partners (NMM) is a stock many investors are watching right now. NMM is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. T ...