Navios Maritime Partners LP (NYSE: NMM) has reported earnings for its second fiscal quarter (ending June 30) of $3.30 versus $3.65 for the same period a year ago. E.P.S. were $12.90 for the latest four quarters through June 30 versus $19.07 for the same period a year ago.
Recent Price Action
On 8/20/24, Navios Maritime Partners LP (NYSE: NMM) stock enjoyed a major increase of 16.0%, closing at $54.91. Moreover, exceptionally high trading volume at 760% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 22.0% 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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Navios Maritime Partners has a very high Appreciation Score of 98 and a very high Power Rating of 99, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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