TheStreet Upgrades Costamare to Buy (CMRE)
The analysts wrote, “Costamare (CMRE) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
CMRE has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Costamare from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 22nd. They now have a $20.30 price target on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Costamare from $22.00 to $23.00 in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Costamare has a consensus rating of “Hold” and an average target price of $20.58.
Shares of Costamare (NASDAQ:CMRE) traded down 0.32% during mid-day trading on Friday, hitting $21.77. 84,413 shares of the company’s stock traded hands. Costamare has a 52 week low of $15.90 and a 52 week high of $22.55. The stock’s 50-day moving average is $21.46 and its 200-day moving average is $19.70. The company has a market cap of $1.628 billion and a price-to-earnings ratio of 17.37.
Costamare (NASDAQ:CMRE) last released its earnings data on Tuesday, April 29th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.01. The company had revenue of $117.50 million for the quarter, compared to the consensus estimate of $120.25 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 23.9% on a year-over-year basis. Analysts expect that Costamare will post $1.53 EPS for the current fiscal year.
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.