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Navios Maritime Acquisition Corporation (NYSE:NNA) target price reduced to $1.50, reported earlier today by Evercore ISI

Boasting a price of $1.52, Navios Maritime Acquisition Corporation (NYSE:NNA) traded 4.17% higher on the day. With the last stock price close down 24.56% relative to the two hundred day average, compared to the S&P 500 which has fallen -0.01% over the date range. The company has been tracking to a 50-day average of $1.51 and two hundred day moving average of $1.66. 1,317,357 shares of NNA exchanged hands, up from ann average volume of 623,970

Navios Maritime Acquisition Corporation (NYSE:NNA) had its estimated target price dropped to $2 by Evercore ISI in an issued report announced 8/18/2016. The latest target price indicates a potential downside of -0.01% based on the bussiness’ previous closing price.

Previously on Friday August 19 2016, Citigroup reported on Navios Maritime Acquisition Corporation(NYSE:NNA) dropped the target price from $2.50 to $2.00. At the time, this suggested an upside of 0.32%.

Performance Graphic:

Navios Maritime Acquisition Corporation (NYSE:NNA)

A total of 7 analysts have reported on NNA. Four analysts rate the company a strong buy, six firms rate the company a buy, one analyst rate the stock a hold, 0 rate the company to underperform, and lastly 0 firmsrate the stock as sell with a consensus target stock price of $3.55

With a market capitalization of $0.0, Navios Maritime Acquisition Corporation has a price-earnings of 3 with a 52 week low of $1.19 and a one-year high of $3.95.

General Information About Navios Maritime Acquisition Corporation (NYSE:NNA)

Navios Maritime Acquisition Corporation is an international shipping company. The Company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing marine transportation services around the world. The Company charters its vessels to international oil companies, refiners and vessel operators under long, medium and short-term charters. The Company’s fleet includes approximately 38 double-hulled tanker vessels, aggregating approximately four million deadweight tons (dwt). The fleet includes approximately eight very large crude carrier (VLCC) tankers, which transport crude oil, and over eight Long Range 1 (LR1) product tankers; approximately 18 Medium Range 2 (MR2) product tankers, and over four chemical tankers, which transport refined petroleum products and bulk liquid chemicals. Its vessels include Nave Constellation, Nave Universe, Nave Polaris, Nave Cosmos, Nave Velocity, Nave Sextans, Nave Pyxis, Nave Luminosity, and Nave Jupiter and Nave Pulsar.

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