Navios Maritime Acquisition Co. (NNA) Given Average Rating of “Hold” by Analysts

Navios Maritime Acquisition Co. (NYSE:NNA) has been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $1.63.

Several research analysts recently weighed in on NNA shares. Stifel Nicolaus set a $2.00 target price on shares of Navios Maritime Acquisition and gave the stock a “buy” rating in a report on Sunday, October 29th. Zacks Investment Research raised shares of Navios Maritime Acquisition from a “sell” rating to a “hold” rating in a report on Thursday, December 28th. Finally, JPMorgan Chase & Co. downgraded shares of Navios Maritime Acquisition from an “overweight” rating to a “neutral” rating in a report on Friday.

Shares of Navios Maritime Acquisition (NYSE NNA) traded down $0.05 during mid-day trading on Friday, hitting $1.02. 750,100 shares of the stock were exchanged, compared to its average volume of 439,067. Navios Maritime Acquisition has a 12-month low of $1.01 and a 12-month high of $2.02. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $160.86, a P/E ratio of -3.29 and a beta of 1.60.

Navios Maritime Acquisition (NYSE:NNA) last issued its quarterly earnings data on Thursday, November 2nd. The shipping company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Navios Maritime Acquisition had a negative net margin of 19.94% and a positive return on equity of 2.08%. sell-side analysts expect that Navios Maritime Acquisition will post -0.06 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NNA. Northern Trust Corp boosted its holdings in shares of Navios Maritime Acquisition by 124.4% during the 2nd quarter. Northern Trust Corp now owns 2,315,549 shares of the shipping company’s stock valued at $3,404,000 after purchasing an additional 1,283,455 shares during the last quarter. Stifel Financial Corp raised its position in shares of Navios Maritime Acquisition by 53.6% during the 2nd quarter. Stifel Financial Corp now owns 1,119,934 shares of the shipping company’s stock valued at $1,638,000 after buying an additional 390,870 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Navios Maritime Acquisition by 71.3% during the 3rd quarter. California Public Employees Retirement System now owns 286,854 shares of the shipping company’s stock valued at $350,000 after buying an additional 119,354 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Navios Maritime Acquisition during the 3rd quarter valued at about $124,000. Finally, State Street Corp raised its position in shares of Navios Maritime Acquisition by 6.4% during the 2nd quarter. State Street Corp now owns 1,356,842 shares of the shipping company’s stock valued at $1,992,000 after buying an additional 81,935 shares in the last quarter. 19.09% of the stock is owned by institutional investors and hedge funds.

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About Navios Maritime Acquisition

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.

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