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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 companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Costamare (CMRE - Free Report) is a stock many investors are watching right now. CMRE is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 5.04 right now. For comparison, its industry sports an average P/E of 7.20. CMRE's Forward P/E has been as high as 5.37 and as low as 2.74, with a median of 3.97, all within the past year.
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 1.03. This compares to its industry's average P/S of 1.48.
Finally, investors should note that CMRE has a P/CF ratio of 3.35. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. CMRE's current P/CF looks attractive when compared to its industry's average P/CF of 6.56. Within the past 12 months, CMRE's P/CF has been as high as 3.35 and as low as 1.22, with a median of 1.82.
These are just a handful of the figures considered in Costamare's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that CMRE is an impressive value stock right now.
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Is Costamare (CMRE) Stock Undervalued Right Now?
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 companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Costamare (CMRE - Free Report) is a stock many investors are watching right now. CMRE is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 5.04 right now. For comparison, its industry sports an average P/E of 7.20. CMRE's Forward P/E has been as high as 5.37 and as low as 2.74, with a median of 3.97, all within the past year.
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 1.03. This compares to its industry's average P/S of 1.48.
Finally, investors should note that CMRE has a P/CF ratio of 3.35. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. CMRE's current P/CF looks attractive when compared to its industry's average P/CF of 6.56. Within the past 12 months, CMRE's P/CF has been as high as 3.35 and as low as 1.22, with a median of 1.82.
These are just a handful of the figures considered in Costamare's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that CMRE is an impressive value stock right now.