At the time of writing, Costamare Inc [CMRE] stock is trading at $14.42, up 2.12%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CMRE shares have gain 9.16% over the last week, with a monthly amount drifted -0.96%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Costamare Inc [NYSE: CMRE] stock has seen the most recent analyst activity on April 24, 2023, when Jefferies downgraded its rating to a Hold and also revised its price target to $10 from $15. Previously, Stifel downgraded its rating to Hold on January 13, 2023, and dropped its price target to $11. On July 21, 2022, Jefferies initiated with a Buy rating and assigned a price target of $19 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $6.50 on September 28, 2020. Stifel upgraded its rating to a Buy and raised its price target to $8 on July 22, 2020. Citigroup downgraded its rating to Sell for this stock on November 01, 2019, and upped its price target to $7.50. In a note dated September 28, 2018, Wells Fargo downgraded an Market Perform rating on this stock.
For the past year, the stock price of Costamare Inc fluctuated between $8.61 and $17.58. Currently, Wall Street analysts expect the stock to reach $14.5 within the next 12 months. Costamare Inc [NYSE: CMRE] shares were valued at $14.42 at the most recent close of the market. An investor can expect a potential return of 0.55% based on the average CMRE price forecast.
Analyzing the CMRE fundamentals
According to Costamare Inc [NYSE:CMRE], the company’s sales were 2.01B for trailing twelve months, which represents an 35.53% jump. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.16 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.96.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.11 points at the first support level, and at 13.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.61, and for the 2nd resistance point, it is at 14.79.
Ratios To Look Out For
It is important to note that Costamare Inc [NYSE:CMRE] has a current ratio of 1.65. As well, the Quick Ratio is 1.56, while the Cash Ratio is 1.15. Considering the valuation of this stock, the price to sales ratio is 0.86, the price to book ratio is 0.69 and price to earnings (TTM) ratio is 4.79.
