Zacks Investment Research upgraded Costamare Inc (NYSE:CMRE) to Hold in a statement released earlier today.
- Updated: October 3, 2016
Zacks Investment Research has upgraded Costamare Inc (NYSE:CMRE) to Hold in a statement released on 10/03/2016.
Boasting a price of $9.14, Costamare Inc (NYSE:CMRE) traded -0.98% lower on the day. With the last stock price close down -1.54% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Costamare Inc has recorded a 50-day average of $9.04 and a two hundred day average of $9.19. Volume of trade was down over the average, with 236,624 shares of CMRE changing hands under the typical 318,933
With a total market value of $0, Costamare Inc has price-earnings ratio of 5.49 with a one year low of $6.01 and a one year high of $15.10 .
A total of 5 equity analysts have released a ratings update on CMRE. zero equity analysts rating the company a strong buy, two equity analysts rating the company a buy, four equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $10.80.
Brief Synopsis 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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