uploads///Analyst Ratings

Citigroup Raised the Target Price for NAP after Its 3Q17 Results

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Oct. 27 2017, Updated 9:34 a.m. ET

Analysts’ recommendations

In the previous parts of this series, discussed Navios Maritime Partners’ (NAP) performance in the third quarter. In this part, we’ll see if analysts’ revised recommendations after its 3Q17 results. We’ll also discuss the consensus recommendations for Navios Maritime Midstream Partners and other crude (DBO) tanker companies.

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Recent changes

On October 20, 2017, the day after Navios Maritime Midstream Partners released its third-quarter earnings, Citigroup raised its target price for the company to $8 from $7. Earlier in October, JPMorgan Chase reduced the target price for Navios Maritime Midstream Partners to $9 from $9.5.

Consensus recommendations

Four analysts cover Navios Maritime Midstream Partners. According to Reuters, the consensus rating for the stock is 3.25, which means a “hold.” None of the analysts recommended a “strong buy” or “buy,” three analysts recommended a “hold,” and one analyst recommended a “sell.”

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Target price

The consensus 12-month target price for Navios Maritime Midstream Partners is $9.5. The target price implies a potential upside of 2.2% from the market price of $9.3 on October 20, 2017.

Peers

  • Teekay Tankers (TNK) is covered by ten analysts. None of the analysts recommended a “strong buy.” Three analysts recommended a “buy.”
  • Nine analysts gave recommendations on Nordic American Tankers (NAT). None of them gave the company a “strong buy” or “buy” recommendation.
  • Of the 16 analysts covering DHT Holdings (DHT), only one analyst gave the company a “strong buy” rating, while six analysts recommended a “buy.”
  • General Maritime Partners (GNRT) is covered by eight analysts. Two analysts gave a “strong buy” and three analysts gave a “buy” rating. The other two analysts recommended a “hold.” None of the analysts recommended a “sell” or “strong sell.”
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