The stock of Costamare Inc (NYSE:CMRE) is a huge mover today! About 327,219 shares traded hands. Costamare Inc (NYSE:CMRE) has declined 27.30% since April 14, 2016 and is downtrending. It has underperformed by 31.99% the S&P500.
The move comes after 8 months positive chart setup for the $598.42M company. It was reported on Nov, 16 by Barchart.com. We have $12.72 PT which if reached, will make NYSE:CMRE worth $388.97 million more.
Costamare Inc (NYSE:CMRE) Ratings Coverage
Out of 4 analysts covering Costamare (NYSE:CMRE), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Costamare has been the topic of 6 analyst reports since December 18, 2015 according to StockzIntelligence Inc. As per Wednesday, October 5, the company rating was upgraded by JP Morgan. Credit Suisse maintained it with “Neutral” rating and $9 target price in Friday, January 29 report. Barclays Capital reinitiated Costamare Inc (NYSE:CMRE) rating on Monday, January 11. Barclays Capital has “Equal Weight” rating and $11.0 price target. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, June 30 report. The rating was initiated by JP Morgan on Friday, December 18 with “Underweight”.
According to Zacks Investment Research, “Costamare Inc. operates as a containership owner chartering its vessels to liner companies. The Company deploys its containership fleet principally under multi-year time charters with leading liner companies that operate regularly scheduled routes between large commercial ports. It also provides a range of shipping services, such as technical support and maintenance, insurance consulting, financial and accounting services. Costamare Inc. is headquartered in Athens, Greece.”
More news for Costamare Inc (NYSE:CMRE) were recently published by: Fool.com, which released: “Dividend Concerns Sink Costamare Inc’s Stock” on June 30, 2016. Seekingalpha.com‘s article titled: “Costamare Inc.: Pure Arbitrage Trade That Continues To Exist” and published on October 05, 2016 is yet another important article.
CMRE Company Profile
Costamare Inc. (Costamare), incorporated on April 21, 2008, is an international owner of containerships. The Firm provides marine transportation services by chartering its container vessels to liner operators under long, medium and short-term time charters.
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