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Analysts’ Recommendations before NAP’s 4Q17 Results

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Jan. 30 2018, Updated 12:35 p.m. ET

Analysts’ recommendations

We already looked at what Wall Street analysts expect for Navios Maritime Midstream Partners’ (NAP) revenues and EBITDA (earnings before interest, tax, depreciation, and amortization). Now, we’ll look at what analysts recommend for Navios Maritime Partners and its peers.

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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.”

In 2017, three analysts revised their recommendations for Navios Maritime Midstream Partners. In January 2017, Credit Suisse and Citigroup downgraded Navios Maritime Midstream Partners to “neutral.” In June 2017, Bank of America downgraded Navios Maritime Midstream Partners to “underperform.”

Target price

The consensus 12-month target price for Navios Maritime Midstream Partners is $9.0. The target price implies a potential downside of 10.5% from the market price of $10.06 on January 26, 2017.

Peers

Let’s see how many analysts are bullish on Navios Maritime Midstream Partners’ peers:

  • Teekay Tankers (TNK) is covered by 12 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,” but one analyst gave a “buy” recommendation.
  • Of the 14 analysts covering DHT Holdings (DHT), only one analyst gave the company a “strong buy” rating. Six analysts recommended a “buy.”
  • General Maritime Partners (GNRT) is covered by seven analysts. One analyst gave a “strong buy” and another analyst gave a “buy” rating.
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