Navios Maritime Partners (NMM) Stock Price, News & Analysis

Company Overview

Navios Maritime Partners L.P. owns and operates dry cargo vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, including crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers, as well as charters its vessels under short, medium, and longer-term charters. Navios Maritime Partners L.P. was founded in 2007 and is based in Monaco.

Key Stats

• Today's Range: $42.55 to $43.97
• 50-Day Range: $42.35 to $59.50
• 52-Week Range: $27.47 to $65.89
• Volume: 102,598 shs
• Average Volume: 182,729 shs
• Market Capitalization: $1.27 billion
• P/E Ratio: 3.23
• Dividend Yield: 0.47%
• Price Target: $80.00
• Consensus Rating: Buy

Navios Maritime Partners Stock Analysis - MarketRank™

Navios Maritime Partners scored higher than 88% of companies evaluated by MarketBeat, and ranked 26th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Navios Maritime Partners has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Navios Maritime Partners has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 46.97%

Earnings Growth

Earnings for Navios Maritime Partners are expected to grow by 46.97% in the coming year, from $12.37 to $18.18 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Navios Maritime Partners is 3.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of Navios Maritime Partners is 3.23, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.84.

Price to Book Value per Share Ratio

Navios Maritime Partners has a P/B Ratio of 0.46. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.80% of the float of Navios Maritime Partners has been sold short.

Short Interest Ratio / Days to Cover

Navios Maritime Partners has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Navios Maritime Partners has recently increased by 6.58%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Navios Maritime Partners has a dividend yield of 0.46%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Navios Maritime Partners does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Navios Maritime Partners is 1.52%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Navios Maritime Partners will have a dividend payout ratio of 1.10% next year. This indicates that Navios Maritime Partners will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.80% of the float of Navios Maritime Partners has been sold short.

Short Interest Ratio / Days to Cover

Navios Maritime Partners has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Navios Maritime Partners has recently increased by 6.58%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.54

News Sentiment

Navios Maritime Partners has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Navios Maritime Partners this week, compared to 2 articles on an average week.

Search Interest

2 people have searched for NMM on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

1 people have added Navios Maritime Partners to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Navios Maritime Partners insiders have not sold or bought any company stock.

Percentage Held by Institutions

62.74% of the stock of Navios Maritime Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NMM Stock Analysis - Frequently Asked Questions

How have NMM shares performed this year?

Navios Maritime Partners' stock was trading at $27.96 at the beginning of 2024. Since then, NMM shares have increased by 52.2% and is now trading at $42.56.
View the best growth stocks for 2024 here.

How were Navios Maritime Partners' earnings last quarter?

Navios Maritime Partners L.P. (NYSE:NMM) announced its earnings results on Tuesday, November, 5th. The shipping company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.80 by $0.65. The company's revenue was up 5.5% compared to the same quarter last year.

When did Navios Maritime Partners' stock split?

Navios Maritime Partners shares reverse split on the morning of Tuesday, May 21st 2019. The 1-15 reverse split was announced on Thursday, April 25th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Monday, May 20th 2019. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

Who are Navios Maritime Partners' major shareholders?

Top institutional shareholders of Navios Maritime Partners include Main Street Financial Solutions LLC (2.55%), Walleye Trading LLC, Portolan Capital Management LLC (0.26%) and Moors & Cabot Inc. (0.25%).

How do I buy shares of Navios Maritime Partners?

Shares of NMM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Navios Maritime Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Navios Maritime Partners investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), Jabil (JBL) and General Electric (GE).

Company Calendar

• Last Earnings: 11/05/2024
• Ex-Dividend for 11/15 Dividend: 11/12/2024
• Dividend Payable: 11/15/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Transportation
• Current Symbol: NYSE:NMM
• CUSIP: N/A
• CIK: 1415921
• Web: www.navios-mlp.com
• Phone: (779) 798-2140
• Fax: 377-9798-2141
• Employees: 186
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $80.00
• High Stock Price Target: $80.00
• Low Stock Price Target: $80.00
• Potential Upside/Downside: +88.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $13.18
• Trailing P/E Ratio: 3.23
• Forward P/E Ratio: 3.44
• P/E Growth: N/A
• Net Income: $433.64 million
• Net Margins: 30.48%
• Pretax Margin: 30.48%
• Return on Equity: 13.66%
• Return on Assets: 7.43%

Debt

• Debt-to-Equity Ratio: 0.59
• Current Ratio: 1.13
• Quick Ratio: 1.13

Sales & Book Value

• Annual Sales: $1.31 billion
• Price / Sales: 0.98
• Cash Flow: $21.28 per share
• Price / Cash Flow: 2.00
• Book Value: $91.78 per share
• Price / Book: 0.46

Miscellaneous

• Outstanding Shares: 29,940,000
• Free Float: N/A
• Market Cap: $1.27 billion
• Optionable: Optionable
• Beta: 1.95