Why Costamare Inc. (NYSE:CMRE) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $10.200 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 $1.570 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 5.387.

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 -0.570.

Technical Analysis

The technical analysis highlights that Costamare Inc. Common Stock $0. current is trading $-0.293 points away or -3.192% from its 50-day moving average of $9.170. Further it is trading $-0.129 or -1.432% away its 200-day moving average of $9.006.

The 52-week high of Costamare Inc. (NYSE:CMRE) was $15.250 while lowest point recorded in 52-week was $6.010. It implies if stock price makes a movement of over $-6.373, it will record a new 52-week high. In the case of +47.704% drop, it will touch a new 52-week low.

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