Currently, Costamare Inc [CMRE] is trading at $10.44, up 1.36%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CMRE shares have lost -0.85% over the last week, with a monthly amount drifted -10.00%, and not seem to be holding up well over a long-time horizon.
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.
This stock has fluctuated between a low of $10.08 and a high of $17.58 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $14.5 within the next 12 months. Costamare Inc [NYSE: CMRE] shares were valued at $10.44 at the most recent close of the market. An investor can expect a potential return of 38.89% based on the average CMRE price forecast.
Analyzing the CMRE fundamentals
Trailing Twelve Months sales for Costamare Inc [NYSE:CMRE] were 2.06B which represents 10.52% growth. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.13 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.94.
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 10.15 points at the first support level, and at 9.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.63, and for the 2nd resistance point, it is at 10.82.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Costamare Inc [NYSE:CMRE] is 1.40. Also, the Quick Ratio is 1.32, while the Cash Ratio stands at 0.97. Considering the valuation of this stock, the price to sales ratio is 0.61, the price to book ratio is 0.50 and price to earnings (TTM) ratio is 4.28.
