Navios Maritime Acquisition Corporation (NNA) Receives ‘Analyst’ Rating

Navios Maritime Acquisition Corporation (NNA) has an average broker rating of 2.6, which is interpreted as a Hold, as rated by 5 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Navios Maritime Acquisition Corporation (NNA) : 4 investment research analysts covering Navios Maritime Acquisition Corporation (NNA) have an average price target of $3.13 for the near short term. The highest target price given by the Brokerage Firm to the stock is $5 and the lowest target is $2 for the short term. Analysts expect the variance to be within $1.65 of the average price.


Also, Citigroup maintains their rating on the shares of Navios Maritime Acquisition Corporation (NYSE:NNA). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $2 per share from $2.5 per share. The rating by the firm was issued on August 19, 2016.

Navios Maritime Acquisition Corporation (NYSE:NNA): The stock opened in the green at $1.25 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $1.27 and a low of $1.19 for the day. The stock did not find buyers even at the lows and closed at $1.2 recording a loss of -4.00%. 2,414,787 shares exchanged hands during the trading day. The stock had closed at $1.25 in the previous days trading.

Navios Maritime Acquisition Corporation is a Monaco-based company that owns a fleet of crude oil, refined petroleum product and chemical tankers providing marine transportation services across the world. The Companys strategy is to charter its vessels to international oil companies, refiners and large vessel operators under long, medium and short-term charters. The operations of the Company are managed by Navios Maritime Holdings Inc. The Companys fleet consists of a total of approximately 39 double-hulled tanker vessels, aggregating approximately 4.1 million deadweight tons (dwt).

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