Costamare Inc [CMRE] stock is trading at $12.92, up 0.78%. An important factor to consider is whether the stock is rising or falling in short-term value. The CMRE shares have gain 2.30% over the last week, with a monthly amount drifted -9.59%, 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.
Costamare Inc [CMRE] stock has fluctuated between $10.14 and $17.58 over the past year. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Costamare Inc [NYSE: CMRE] shares were valued at $12.92 at the most recent close of the market. An investor can expect a potential return of 8.36% based on the average CMRE price forecast.
Analyzing the CMRE fundamentals
Costamare Inc [NYSE:CMRE] reported sales of 2.01B for the trailing twelve months, which represents a growth of 35.53%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.87.
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 12.83 points at the first support level, and at 12.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.02, and for the 2nd resistance point, it is at 13.11.
Ratios To Look Out For
For context, Costamare Inc’s Current Ratio is 1.65. On the other hand, the Quick Ratio is 1.56, and the Cash Ratio is 1.13. Considering the valuation of this stock, the price to sales ratio is 0.77, the price to book ratio is 0.62 and price to earnings (TTM) ratio is 4.29.
