Zacks: Navios Maritime Containers LP (NMCI) Given Consensus Rating of “Strong Buy” by Analysts

Shares of Navios Maritime Containers LP (NASDAQ:NMCI) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price objective of $9.00 for the company and are anticipating that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also assigned Navios Maritime Containers an industry rank of 176 out of 255 based on the ratings given to related companies.

Separately, JPMorgan Chase & Co. assumed coverage on Navios Maritime Containers in a research report on Wednesday, March 27th. They issued an “overweight” rating and a $9.00 target price on the stock.

Shares of NMCI traded up $0.04 during trading hours on Tuesday, hitting $2.44. The stock had a trading volume of 50,400 shares, compared to its average volume of 150,821. The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $83.04 million and a P/E ratio of 4.60. Navios Maritime Containers has a 12-month low of $1.76 and a 12-month high of $4.85.

Navios Maritime Containers (NASDAQ:NMCI) last issued its earnings results on Wednesday, January 30th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $34.42 million during the quarter. Sell-side analysts predict that Navios Maritime Containers will post 0.86 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of NMCI. Evermore Global Advisors LLC purchased a new position in shares of Navios Maritime Containers in the 4th quarter worth $14,288,000. Marble Ridge Capital LP purchased a new position in shares of Navios Maritime Containers in the 4th quarter worth $2,253,000. 683 Capital Management LLC purchased a new position in shares of Navios Maritime Containers in the 4th quarter worth $5,553,000. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Navios Maritime Containers in the 1st quarter worth $96,000. 31.55% of the stock is currently owned by institutional investors and hedge funds.

About Navios Maritime Containers

Navios Maritime Containers L.P. owns and operates containerships in Asia and Europe. As of March 6, 2019, it owned a fleet of 30 vessels. The company was founded in 2017 and is based in Monte Carlo, Monaco.

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