Costamare (NYSE:CMRE) has been upgraded from Neutral to Overweight in a statement by JPMorgan earlier today.
- Updated: October 5, 2016
Having a price of $7.32, Costamare (NYSE:CMRE) traded 4.34% higher on the day. With the last stock price down -16.77% 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 $8.98 and a two hundred day average of $9.18. Volume of trade was down over the average, with 300,487 shares of CMRE changing hands under the typical 346,643
JPMorgan has upgraded Costamare (NYSE:CMRE) from Neutral to Overweight in a statement released on 10/5/2016.
Recent Performance Chart
Costamare has PE ratio of 4.64 with a one year low of $6.01 and a one year high of $15.10 and has a total market value of $0.
A total of 5 analysts have released a research note on CMRE. zero analysts rating the company a strong buy, two analysts rating the company a buy, four analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $10.80.
More About Costamare (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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