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NAVIOS MARITIME HOLDINGS INC (NM) [hlAlert]

Rating:
Hold NM

NAVIOS MARITIME HOLDINGS INC (NM) downgraded to Hold by Stifel

Posted on: Tuesday,  Nov 24, 2015  8:25 AM ET by Stifel

Stifel rated Hold NAVIOS MARITIME HOLDINGS INC (NYSE: NM) on 11/24/2015. Previously Stifel rated Buy NAVIOS MARITIME
HOLDINGS INC (NYSE: NM) on 08/21/2015., when the stock price was $2.89. Since then, NAVIOS MARITIME HOLDINGS INC has lost 55.71% of its value until Stifel rated NM Sell on 11/24/2015, when the price was $1.28. .

Navios Maritime Holdings Inc. (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. It has two business segments: Vessel Operations and Logistics Business. As of December 31, 2008, Navios Holdings? core fleet (excluding Navios South American Logistics Inc. (Navios Logistics)), consisted of a total of 53 vessels, aggregating approximately 5.1 million deadweight tons (dwt). As of December 31, 2008, Navios Holdings owned 12 Ultra Handymax, five Panamax, and one Product Handysize tanker vessels. It also time charters in and operates a fleet of six Ultra Handymax, two Handysize, 11 Panamax, and nine Capesize vessels under long-term time charters, 18 of which were in operation as of December 31, 2008, with the remaining 10 scheduled for delivery on various. In January 2008, the Company, through Navios Logistics, acquired Horamar Group.

Stifel
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/7/2016 8:25 AM Sell
None
1.25 0.10
as of 8/27/2015
1 Week down  -6.18 %
1 Month down  -28.34 %
3 Months down  -28.15 %
1 YTD down  -5.53 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/24/2015 8:25 AM Hold
None
1.28
8/21/2015 8:25 AM Buy
None
2.89 6.00
3/6/2014 8:25 AM Buy
None
11.49 14.00
10/9/2013 8:25 AM Hold
None
7.03

(*) Stock Price at the time of the recommendation.
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