Why Shares of Navios Maritime Holdings Inc. Jumped Today

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Navios Maritime Holdings (NYSE: NM  ) jumped 10% briefly this morning after being upgraded by an analyst.

So what: Analysts at Stifel Nicolaus upgraded the stock to a buy and raised their price target to $14. Shares are currently trading for about $11.30 so that indicates about a 24% upside from the current price.  

Now what: The reason given for the more bullish rating is improved demand for Capesize vessels. It's true that rates are up in recent months but there's not a full-fledged recovery from oversupply and weak demand after the recession. This is still early in the recovery and prices are volatile so investors need to know that this is a high-risk bet in Navios Maritime today.

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Related Tickers

7/25/2014 11:05 AM
NM $8.15 Down -0.28 -3.32%
Navios Maritime Ho… CAPS Rating: ****

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