For its first fiscal quarter (ending March 31), Navios Maritime Partners LP (NYSE: NMM) has reported a -26% decline in E.P.S. from $3.22 a year ago to $2.38 in the current quarter. E.P.S. were $13.25 for the latest four quarters through March 31 versus $19.26 for the same period a year ago — a decline of -31%.
Recent Price Action
Navios Maritime Partners LP (NYSE: NMM) stock suffered a large decline of -6.6% on 5/14/24. The stock closed at $45.47. Moreover, this decline was accompanied by exceptionally high trading volume at 333% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.6% during the last week.
Current PriceTarget Research Rating
NMM’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Navios Maritime Partners has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Navios Maritime Partners has a very high Appreciation Score of 98 and a very high Power Rating of 100, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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