Costamare Inc. Reaches New 12-Month High at $19.25 (CMRE)
Costamare (NASDAQ:CMRE)’s share price reached a new 52-week high on Wednesday, Stock Ratings Network.com reports. The company traded as high as $19.25 and last traded at $18.89, with a volume of 98,368 shares traded. The stock had previously closed at $19.05.
CMRE has been the subject of a number of recent research reports. Analysts at Credit Suisse initiated coverage on shares of Costamare in a research note to investors on Tuesday, November 26th. They set a “neutral” rating on the stock. Separately, analysts at TheStreet upgraded shares of Costamare from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, November 6th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Costamare from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, October 29th. They now have a $22.00 price target on the stock, up previously from $19.75. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.88.
Costamare has a 52 week low of $14.01 and a 52 week high of $19.25. The stock’s 50-day moving average is $17.84 and its 200-day moving average is $17.77. The company has a market cap of $1.420 billion and a price-to-earnings ratio of 14.40.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, February 4th. Stockholders of record on Tuesday, January 21st will be paid a dividend of 0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.69%. The ex-dividend date is Thursday, January 16th.
Costamare Inc (NASDAQ:CMRE) is an owner and provider of containerships for charter.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.