Costamare Hits New 1-Year High at $24.07 (CMRE)
Costamare (NASDAQ:CMRE) reached a new 52-week high during trading on Tuesday , Analyst RN reports. The stock traded as high as $24.07 and last traded at $23.88, with a volume of 89,303 shares. The stock had previously closed at $23.32.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Costamare from an “underperform” rating to a “neutral” rating in a research note on Monday, June 16th. They now have a $22.80 price target on the stock. Separately, analysts at TheStreet upgraded shares of Costamare from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $21.20.
The stock’s 50-day moving average is $22.29 and its 200-day moving average is $20.51. The company has a market cap of $1.788 billion and a price-to-earnings ratio of 18.55.
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. On average, analysts predict that Costamare will post $1.53 earnings per share for the current fiscal year.
Costamare Inc (NASDAQ:CMRE) is an owner and provider of containerships for charter.
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