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Costamare (CMRE) Flat As Market Sinks: What You Should Know
ZACKS· 2024-06-07 22:50
In the latest market close, Costamare (CMRE) reached $15.47, with no movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.11%. Meanwhile, the Dow experienced a drop of 0.22%, and the technology-dominated Nasdaq saw a decrease of 0.23%. Coming into today, shares of the shipping company had gained 15.19% in the past month. In that same time, the Transportation sector lost 2.76%, while the S&P 500 gained 3.51%. The investment community will be paying clo ...
The 3 Most Undervalued Stocks With Strong Fundamentals to Buy in June 2024
Investor Place· 2024-06-07 11:53
They also allow investors to buy into a company at a favorable rate, and if the company performs well over time, investors who prioritize valuation are highly profitable. Below are a few stocks that fit the criteria of an undervalued stock using forward P/E and reported strong revenue growth for the first quarter of 2024. Source: Heather Dunbar / Shutterstock.com On April 25, SkyWest reported earnings for the first quarter of 2024, which stated that total revenue increased by 16% year-over-year. In Q1 2023, ...
New Strong Buy Stocks for June 4th
ZACKS· 2024-06-04 11:56
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: L.B. Foster Company (FSTR) : This building and infrastructure solutions provider has seen the Zacks Consensus Estimate for its current year earnings increasing 60.8% over the last 60 days. Costamare Inc. (CMRE) : This shipping company has seen the Zacks Consensus Estimate for its current year earnings increasing 12% over the last 60 days. MGM Resorts International (MGM) : This hospitality and entertainment company has seen the Zacks Co ...
Best Income Stocks to Buy for June 4th
ZACKS· 2024-06-04 10:36
Here are three stocks with buy rank and strong income characteristics for investors to consider today, June 4: Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) : This company that develop, operate, and maintain airports has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.4% the last 60 days. This Zacks Rank #1 company has a dividend yield of 5.6%, compared with the industry average of 0.0%. First Community Bankshares, Inc. (FCBC) : This bank holding company for F ...
Costamare (CMRE) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2024-06-03 22:55
The most recent trading session ended with Costamare (CMRE) standing at $16.20, reflecting a +1.19% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily gain of 0.11%. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq gained 0.56%. Coming into today, shares of the shipping company had gained 28.28% in the past month. In that same time, the Transportation sector gained 0.96%, while the S&P 500 gained 5.06%. Investors will be eagerly watchin ...
Is Costamare (CMRE) Stock Outpacing Its Transportation Peers This Year?
ZACKS· 2024-06-03 14:41
For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Costamare (CMRE) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's yearto-date performance to find out. Costamare is a member of the Transportation sector. This group includes 132 individual stocks and currently holds a Zacks Sector Rank of ...
Best Income Stocks to Buy for May 31st
ZACKS· 2024-05-31 10:46
First Community Bankshares, Inc. (FCBC) : This bank holding company for First Community Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.8% the last 60 days. This Zacks Rank #1 company has a dividend yield of 3.5%, compared with the industry average of 2.8%. Costamare Inc. (CMRE) : This shipping company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12% the last 60 days. Here are three stocks with buy rank and strong income chara ...
Best Value Stocks to Buy for May 31st
ZACKS· 2024-05-31 10:21
Here are three stocks with buy rank and strong value characteristics for investors to consider today, May 31: Brinker International, Inc. (EAT) : This casual dining restaurant chain company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.3% over the last 60 days. Brinker International has a price-to-earnings ratio (P/E) of 17.25 compared with 42.20 for the industry. The company possesses a Value Score of A. Costamare Inc. (CMRE) : This shipp ...
Is Costamare (CMRE) Stock Undervalued Right Now?
ZACKS· 2024-05-30 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find comp ...
5 Value Stocks With Exciting EV-to-EBITDA Ratios to Own Now
zacks.com· 2024-05-23 13:36
Core Viewpoint - The article discusses the advantages and limitations of using the EV-to-EBITDA ratio as a valuation metric compared to the traditional P/E ratio, highlighting its effectiveness in assessing a company's value and earnings potential [2][4][9]. Valuation Metrics - The P/E ratio is widely used for evaluating stock prices but has limitations, particularly in valuing loss-making firms and being susceptible to accounting manipulation [1][7]. - EV-to-EBITDA is considered a more comprehensive valuation metric as it accounts for a company's total value, including debt, and is less prone to manipulation [2][6][7]. Investment Opportunities - Stocks with attractive EV-to-EBITDA ratios include Signet Jewelers Limited (SIG), Navios Maritime Partners L.P. (NMM), Costamare Inc. (CMRE), The ODP Corporation (ODP), and Portland General Electric Company (POR) [3][15][16][17][18][19]. Screening Criteria for Value Stocks - Key parameters for screening value stocks include: - EV-to-EBITDA ratio lower than the industry median [11]. - P/E ratio lower than the industry median [11]. - Price-to-book (P/B) ratio lower than the industry median [11]. - Price-to-sales (P/S) ratio lower than the industry median [12]. - Estimated one-year EPS growth greater than or equal to the industry median [12]. - Average 20-day volume greater than or equal to 100,000 [13]. - Current price greater than or equal to $5 [13]. - Zacks Rank less than or equal to 2 [14]. - Value Score of less than or equal to B [14]. Company Highlights - Signet Jewelers has an expected earnings growth rate of 2.2% for fiscal 2025, with a consensus estimate revised upward by 9.8% [15]. - Navios Maritime Partners has an expected earnings growth rate of 22.1% for 2024, with a consensus estimate revised upward by 8.2% [16]. - Costamare has an expected year-over-year earnings growth rate of 48.8% for 2024, with a consensus estimate revised upward by 12% [17]. - ODP has an expected year-over-year earnings growth rate of 7.7% for 2024, with a consensus estimate revised upward by 5.6% [18]. - Portland General Electric has an expected earnings growth rate of 29.4% for 2024, with a consensus estimate revised upward by 0.7% [19].