A number of research firms have changed their ratings and price targets for Costamare (NYSE: CMRE):

  • 10/7/2017 – Costamare was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/3/2017 – Costamare was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “Costamare Inc. operates as a containership owner chartering its vessels to liner companies. The Company deploys its containership fleet principally under multi-year time charters with leading liner companies that operate regularly scheduled routes between large commercial ports. It also provides a range of shipping services, such as technical support and maintenance, insurance consulting, financial and accounting services. Costamare Inc. is headquartered in Athens, Greece. “
  • 10/2/2017 – Costamare was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/28/2017 – Costamare was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/26/2017 – Costamare was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $6.75 price target on the stock. According to Zacks, “Costamare Inc. operates as a containership owner chartering its vessels to liner companies. The Company deploys its containership fleet principally under multi-year time charters with leading liner companies that operate regularly scheduled routes between large commercial ports. It also provides a range of shipping services, such as technical support and maintenance, insurance consulting, financial and accounting services. Costamare Inc. is headquartered in Athens, Greece. “
  • 9/5/2017 – Costamare was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Costamare Inc. operates as a containership owner chartering its vessels to liner companies. The Company deploys its containership fleet principally under multi-year time charters with leading liner companies that operate regularly scheduled routes between large commercial ports. It also provides a range of shipping services, such as technical support and maintenance, insurance consulting, financial and accounting services. Costamare Inc. is headquartered in Athens, Greece. “
  • 9/1/2017 – Costamare was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/28/2017 – Costamare was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Costamare Inc. operates as a containership owner chartering its vessels to liner companies. The Company deploys its containership fleet principally under multi-year time charters with leading liner companies that operate regularly scheduled routes between large commercial ports. It also provides a range of shipping services, such as technical support and maintenance, insurance consulting, financial and accounting services. Costamare Inc. is headquartered in Athens, Greece. “

Shares of Costamare Inc. (NYSE CMRE) opened at 6.15 on Thursday. Costamare Inc. has a 12 month low of $5.07 and a 12 month high of $8.18. The stock has a 50 day moving average price of $6.16 and a 200 day moving average price of $6.69. The stock has a market capitalization of $651.84 million, a P/E ratio of 15.34 and a beta of 2.17.

Costamare (NYSE:CMRE) last issued its quarterly earnings results on Tuesday, July 25th. The shipping company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The company had revenue of $104.10 million for the quarter, compared to analysts’ expectations of $104.23 million. Costamare had a return on equity of 8.94% and a net margin of 12.70%. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS. On average, analysts anticipate that Costamare Inc. will post $0.81 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Investors of record on Monday, October 23rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date is Friday, October 20th. Costamare’s payout ratio is 105.27%.

Costamare Inc (Costamare) is a holding company. The Company is an international owner of containerships. The Company is engaged in chartering its vessels to various liner companies. The Company provides marine transportation services around the world by chartering its container vessels to liner operators under long, medium and short-term time charters.

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