Costamare Rating Reiterated by Barclays (CMRE)
Costamare (NASDAQ:CMRE)‘s stock had its “overweight” rating restated by Barclays in a research note issued on Tuesday. They currently have a $24.00 price target on the stock, up from their previous price target of $22.00. Barclays’ target price indicates a potential upside of 2.13% from the company’s current price.
A number of other firms have also recently commented on CMRE. 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. Analysts at TheStreet upgraded shares of Costamare from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $21.76.
Costamare (NASDAQ:CMRE) traded up 0.42% on Tuesday, hitting $23.598. The stock had a trading volume of 30,672 shares. Costamare has a 52 week low of $15.90 and a 52 week high of $24.40. The stock has a 50-day moving average of $23.1 and a 200-day moving average of $21.10. The company has a market cap of $1.765 billion and a P/E ratio of 18.70.
Costamare (NASDAQ:CMRE) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. Analysts expect that Costamare will post $1.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Monday, July 21st.
Costamare Inc (NASDAQ:CMRE) is an owner and provider of containerships for charter.
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