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Enter Symbol:
 
NAVIOS MARITIME HOLDINGS INC (NM) [hlAlert]

Rating:
Mkt Perform
NM
down 29.59 %

NAVIOS MARITIME HOLDINGS INC (NM) downgraded to Mkt Perform with price target $6 by FBR Capital

Posted on: Monday,  Jan 31, 2011  10:25 AM ET by FBR Capital

FBR Capital rated Mkt Perform NAVIOS MARITIME HOLDINGS INC (NYSE: NM) on 01/31/2011. Previously FBR Capital rated Outperform NAVIOS MARITIME HOLDINGS INC (NYSE:
NM) on 04/07/2010., when the stock price was $6.86. Since then, NAVIOS MARITIME HOLDINGS INC has lost 29.59% as of 01/31/2011's recent price of $4.83.
If you would have followed the previous FBR Capital's recommendation on NM, you would have lost 29.59% of your investment in 299 days.

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.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/31/2011 10:25 AM Hold
None
4.83 6.00
as of 12/30/2011
1 Week   
1 Month   
3 Months   
1 YTD down  -8.52 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/7/2010 8:25 AM Buy
None
6.86

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