Navios Maritime Partners L.P.(NMM)
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Navios Maritime Partners LP (NMM) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKS· 2024-07-23 23:06
Company Performance - Navios Maritime Partners LP (NMM) closed at $50.19, reflecting a -1.08% change compared to the previous day, underperforming the S&P 500 which lost 0.16% [1] - The upcoming earnings report is projected to show earnings of $3.29 per share, indicating a year-over-year decline of 0.9%, with revenue expected at $317.55 million, an 8.47% decrease from the same quarter last year [2] - The full-year Zacks Consensus Estimates predict earnings of $15.20 per share and revenue of $1.34 billion, representing year-over-year increases of +22.09% and +2.24%, respectively [8] Analyst Estimates and Rankings - Recent changes in analyst estimates for Navios Maritime Partners LP indicate a dynamic business environment, with positive revisions suggesting analyst optimism about the company's profitability [3] - The Zacks Rank system currently rates Navios Maritime Partners LP at 3 (Hold), with no changes in the consensus EPS estimate over the past month [4] - The Forward P/E ratio for Navios Maritime Partners LP is 3.34, significantly lower than the industry average of 7.49, indicating the company is trading at a discount [10] Industry Context - The Transportation - Shipping industry, to which Navios Maritime Partners LP belongs, holds a Zacks Industry Rank of 57, placing it in the top 23% of over 250 industries [5] - The Transportation sector has seen a gain of 2.05% over the past month, with Navios Maritime Partners LP's stock rising by 2.13%, outperforming both the sector and the S&P 500, which gained 1.96% [7]
Navios Maritime Partners LP (NMM) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2024-07-16 22:56
In the latest market close, Navios Maritime Partners LP (NMM) reached $51.14, with a +0.65% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 0.64% for the day. Elsewhere, the Dow saw an upswing of 1.85%, while the tech-heavy Nasdaq appreciated by 0.2%. The company's shares have seen an increase of 6.56% over the last month, surpassing the Transportation sector's gain of 3.86% and the S&P 500's gain of 3.82%. The investment community will be paying close atten ...
Navios Maritime Partners LP (NMM) is Attracting Investor Attention: Here is What You Should Know
ZACKS· 2024-07-15 14:02
Shares of this company have returned +9% over the past month versus the Zacks S&P 500 composite's +3.8% 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 could the stock be headed in the near term? 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 ...
Why the Market Dipped But Navios Maritime Partners LP (NMM) Gained Today
ZACKS· 2024-07-11 23:05
The the stock of company has risen by 0.85% in the past month, leading the Transportation sector's loss of 2.02% and undershooting the S&P 500's gain of 5.11%. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $15.20 per share and a revenue of $1.34 billion, representing changes of +22.09% and +2.24%, respectively, from the prior year. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit ...
Best Value Stocks to Buy for July 2nd
ZACKS· 2024-07-02 10:50
Here are three stocks with buy rank and strong value characteristics for investors to consider today, July 2nd: Navios Maritime Partners L.P. (NMM) : This operator of dry cargo vessels carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.6% over the last 60 days. Navios Maritime has a price-to-earnings ratio (P/E) of 3.36, compared with 7.30 for the industry. The company possesses a Value Score of A. Sylvamo Corporation (SLVM) : This manufacturer ...
Is Navios Maritime Partners (NMM) Stock Undervalued Right Now?
ZACKS· 2024-06-26 14:45
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. NMM has a P/S ratio of 1.14. This compares to its industry's average P/S of 1.45. In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks w ...
Investors Heavily Search Navios Maritime Partners LP (NMM): Here is What You Need to Know
ZACKS· 2024-06-21 14:01
Navios Maritime Partners LP (NMM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Rather than focusing ...
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]