Stifel Nicolaus downgraded Costamare Inc (NYSE:CMRE) to Sell in a report released today.
- Updated: October 4, 2016
Stifel Nicolaus has downgraded Costamare Inc (NYSE:CMRE) to Sell in a report released on 10/04/2016.
Yesterday Costamare Inc (NYSE:CMRE) traded -0.98% lower at $9.05. The company’s 50-day moving average is $9.04 and its 200-day moving average is $9.19. The last stock close price is down -1.54% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 236,624 shares of the stock were exchanged, down from an average trading volume of 318,933
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Costamare Inc has a 52 week low of $6.01 and a 52 week high of $15.10 with a P/E ratio of 5.49 The company’s market cap is currently $0.
Also covering Costamare Inc's target, a total of 5 firms have reported on Costamare Inc. The 12-month price target is $10.80 with zero equity analysts rating the stock a strong buy, 2 firms rating the stock a buy, 4 brokers rating the company a hold, one brokerage rating the company a underperform, and lastly zero analysts rating the company a sell.
More 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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