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Is Costamare (CMRE) Outperforming Other Transportation Stocks This Year?
zacks.com· 2024-05-17 14:41
Group 1 - Costamare (CMRE) has shown a year-to-date performance increase of approximately 38.8%, significantly outperforming the average return of 0.3% for the Transportation sector [4] - The Zacks Consensus Estimate for CMRE's full-year earnings has risen by 16% over the past quarter, indicating a positive trend in analyst sentiment [4] - Costamare holds a Zacks Rank of 1 (Strong Buy), suggesting strong potential for future performance [3] Group 2 - Costamare is part of the Transportation - Shipping industry, which consists of 38 stocks and currently ranks 77 in the Zacks Industry Rank, with an average gain of 20.2% this year [6] - Despegar.com (DESP) has also outperformed the Transportation sector with a year-to-date return of 32.6% and holds a Zacks Rank of 2 (Buy) [5] - The Transportation - Services industry, to which Despegar.com belongs, has seen a decline of 4.6% year to date, ranking 165 among 26 stocks [6]
Wall Street Favorites: 3 Transportation Stocks With Strong Buy Ratings for May 2024
investorplace.com· 2024-05-17 11:00
Transportation companies are vital to our everyday economy. They allow for the shipment of goods globally and domestic and international passenger and cargo air travel. Transportation stocks are an important addition to any investor's portfolio for diversification purposes. They are also a thriving industry poised for sustained growth. These are a few transportation companies for which I have received a strong buy rating due to their selectively low forward P/E ratio compared to their sector average. Also, ...
Costamare (CMRE) Upgraded to Strong Buy: What Does It Mean for the Stock?
zacks.com· 2024-05-16 17:01
Costamare (CMRE) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a ...
Best Momentum Stock to Buy for May 16th
zacks.com· 2024-05-16 15:00
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 16th: Navios Maritime Partners (NMM) : This company which is an international owner and operator of dry cargo vessels, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.2% over the last 60 days. Navios Maritime Partners' shares gained 43.8% over the last three month compared with the S&P 500's gain of 6.9%. The company possesses a M ...
Best Value Stocks to Buy for May 16th
zacks.com· 2024-05-16 13:15
Group 1: Navios Maritime Partners (NMM) - Navios Maritime Partners is an international owner and operator of dry cargo vessels with a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for its current year earnings has increased by 8.2% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 2.95, significantly lower than the industry average of 11.10, and possesses a Value Score of A [2] Group 2: Costamare (CMRE) - Costamare operates as a containership owner, chartering its vessels to liner companies and also carries a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 12.0% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 4.56 compared to the industry average of 11.10, and possesses a Value Score of A [3] Group 3: Preferred Bank (PFBC) - Preferred Bank is one of the largest independent commercial banks in California, focusing on the Chinese-American market, and holds a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 6.1% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 8.23, lower than the industry average of 14.20, and possesses a Value Score of B [4]
Best Income Stocks to Buy for May 16th
zacks.com· 2024-05-16 13:01
Group 1: Costamare (CMRE) - Costamare operates as a containership owner, chartering its vessels to liner companies [1] - The Zacks Consensus Estimate for its current year earnings has increased by 12.0% over the last 60 days [1] - The company has a dividend yield of 3.3%, compared to the industry average of 2.1% [1] Group 2: MINISO Group Holding Limited (MNSO) - MINISO is a retailer offering design-led lifestyle products based in Guangzhou, China [2] - The Zacks Consensus Estimate for its current year earnings has increased by nearly 10.7% over the last 60 days [2] - The company has a dividend yield of 1.6%, compared to the industry average of 0.0% [2] Group 3: Levi Strauss & Co. (LEVI) - Levi Strauss designs and markets jeans, casual wear, and related accessories for men, women, and children [3] - The Zacks Consensus Estimate for its current year earnings has increased by nearly 4.1% over the last 60 days [3] - The company has a dividend yield of 2.2%, compared to the industry average of 0.0% [3]
What Makes Costamare (CMRE) a Strong Momentum Stock: Buy Now?
Zacks Investment Research· 2024-05-14 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...
Best Momentum Stock to Buy for May 14th
Zacks Investment Research· 2024-05-14 15:01
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May14th: DXP Enterprises (DXPE) : This company which is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Mexico and Dubai, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.0% over the last 60 days. DXP Enterprises's shares gained 4 ...
Is Costamare (CMRE) a Great Value Stock Right Now?
Zacks Investment Research· 2024-05-14 14:46
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. CMRE has a P/S ratio of 0.9. This compares to its industry's average P/S of 1.37. Finally, investors will want to recognize that CMRE has a P/CF ratio of 2.95. This metric takes into account a company's operating cash flow and can be us ...
Costamare (CMRE) Is Attractively Priced Despite Fast-paced Momentum
Zacks Investment Research· 2024-05-14 13:51
Investors' growing interest in a stock is reflected in its recent price increase. A price change of 20.7% over the past four weeks positions the stock of this shipping company well in this regard. While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. CMRE meets this criterion too, as the stock gained 19.8% over the past 12 weeks. Moreover, the momentum for CMRE is fast paced, as the stock currently has a beta of 1.32 ...