Stock To Watch: Costamare Inc. (NYSE:CMRE)


The leading market experts have placed a mean price target of $10.20 on Costamare Inc. (NYSE:CMRE) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.32 a share for the upcoming quarter and $1.57 for the current fiscal.

Technical View

The technical analysis of Costamare Inc. Common Stock $0. plainly substantiates that the 50-day moving average of Costamare Inc. Common Stock $0. is $8.86, and stock is trading $0.44 points away or +4.97% from its 50-day moving average of $8.86. Further it is trading $0.50 or +5.62% away its 200-day moving average of $8.80. Costamare Inc. (NYSE:CMRE) 52-week high is $16.40 and the 52-week low is $6.01.

This explains if the stock moves $-7.10, it will post a 52-week high. In event of +54.74% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Costamare Inc. Common Stock $0., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Costamare Inc. (NYSE:CMRE) ratio came in at 5.64.

The stock last ended the trading session at $9.30 and registered a market cap of $703.98M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Costamare Inc. (NYSE:CMRE) PEG ratio is at -0.59.

1 Chart Pattern Every Investor Should Know

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