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Jefferies Group LLC announced Navios Maritime Partners L.P. (NYSE:NMM), bumping up its stock price target to $2.00 today

Just yesterday Navios Maritime Partners L.P. (NYSE:NMM) traded 0.00% even at $1.61. Navios Maritime Partners L.P.’s 50-day moving average is $2.10 and its 200-day moving average is $1.86. The last closing price is down 13.97% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 447,009 shares of NMM traded hands, down from an average trading volume of 643,055

In a report released on 6/05/2017 Jefferies Group LLC increased the stock price target of Navios Maritime Partners L.P. (NYSE:NMM) to $2.00 reporting a possible upside of 0.24%.

Recent Performance Chart

Navios Maritime Partners L.P. (NYSE:NMM)

Navios Maritime Partners L.P. has 52 week low of $1.15 and a 52 week high of $2.94 and has a market capitalization of $0.

In addition to Jefferies Group LLC reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $2.63 with 1 broker rating the stock a strong buy, 1 broker rating the stock a buy, 7 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Navios Maritime Partners L.P. (NYSE:NMM)

Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters. It focuses on providing seaborne shipping services under long-term time charters. As of December 31, 2016, it controlled 12 Panamax vessels, nine Capesize vessels, three Ultra-Handymax vessels and seven container vessels. Panamax vessels are vessels capable of carrying a range of dry cargo commodities, including iron ore, coal, grain and fertilizer and being accommodated in various discharge ports. Capesize vessels are dedicated to the carriage of iron ore and coal. Ultra-Handymax vessels are similar to Panamax vessels although with less carrying capacity, and have self-loading and discharging gear on board to accommodate undeveloped ports.

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