Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $9.90 on Costamare Inc. (NYSE:CMRE) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.53 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Costamare Inc. (NYSE:CMRE) stands at 5.17. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Costamare Inc. Common Stock $0., the PEG ratio for coming 3-5 years is -0.61. Technical Analysis The technical analysis highlights that Costamare Inc. Common Stock $0. current price is trading $0.05 points away +0.56% from $9.06, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $8.61 and, for now, the stock price is trading $0.50 or +5.81% away from that point. The 52-week high of Costamare Inc. (NYSE:CMRE) was $18.93 while lowest point recorded in 52-week was $6.01. It implies if stock price makes a movement of over $-9.82, it will record a new 52-week high. In the case of $+51.58% points drop, it will touch a new 52-week low.
1 Chart Pattern Every Investor Should Know