Costamare Inc (NYSE:CMRE) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 27, 2016
Having a price of $9.13, Costamare Inc (NYSE:CMRE) traded 0.44% higher on the day. With the last stock price down -0.64% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. CMRE has recorded a 50-day average of $9.04 and a two hundred day average of $9.19. Trade Volume was down over the average, with 200,741 shares of CMRE changing hands under the typical 363,034
Zacks Investment Research has downgraded Costamare Inc (NYSE:CMRE) to Sell in a statement released on 9/27/2016.
Recent Performance Chart
Costamare Inc has 52 week low of $6.01 and a 52 week high of $15.10 with a P/E ratio of 5.54 and has a market cap of $0.
In addition to Zacks Investment Research reporting its target price, a total of 5 brokers have issued a report on the stock. The consensus target price is $10.80 with 0 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 4 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Costamare Inc (NYSE:CMRE)
Costamare Inc. (Costamare) is an international owner of containerships. The Company provides marine transportation services by chartering its container vessels to liner operators under long, medium and short-term time charters. The Company has a fleet of approximately 70 containerships with a total capacity of over 467,000 20-foot equivalent unit (TEU), including approximately 10 newbuilds on order. The Company's fleet of vessels includes COSCO GUANGZHOU, COSCO NINGBO, COSCO YANTIAN, VANTAGE, VALOR, VALIANT and MAERSK KOBE, among others. The Company has approximately 90 subsidiaries.
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