Costamare Inc (NYSE:CMRE) has been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $7.67.
A number of equities research analysts have recently weighed in on the company. ValuEngine lowered Costamare from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Costamare from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. BidaskClub cut Costamare from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, Credit Suisse Group set a $7.00 target price on Costamare and gave the company a “hold” rating in a research note on Wednesday, October 25th.
Costamare (NYSE:CMRE) traded down $0.04 on Friday, reaching $6.12. The company had a trading volume of 441,623 shares, compared to its average volume of 712,631. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81. Costamare has a fifty-two week low of $5.29 and a fifty-two week high of $8.18. The company has a market cap of $688.19, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 1.76 and a beta of 2.10.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 6th. Shareholders of record on Tuesday, January 23rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date was Monday, January 22nd. Costamare’s payout ratio is 74.07%.
Large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in Costamare by 18.1% during the second quarter. Goldman Sachs Group Inc. now owns 170,646 shares of the shipping company’s stock valued at $1,247,000 after buying an additional 26,124 shares during the last quarter. Wells Fargo & Company MN raised its stake in Costamare by 61.2% during the third quarter. Wells Fargo & Company MN now owns 297,867 shares of the shipping company’s stock valued at $1,840,000 after buying an additional 113,059 shares during the last quarter. Alliancebernstein L.P. raised its stake in Costamare by 70.1% during the second quarter. Alliancebernstein L.P. now owns 57,000 shares of the shipping company’s stock valued at $417,000 after buying an additional 23,500 shares during the last quarter. Prudential Financial Inc. raised its stake in Costamare by 27.9% during the third quarter. Prudential Financial Inc. now owns 420,570 shares of the shipping company’s stock valued at $2,599,000 after buying an additional 91,650 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new position in Costamare during the third quarter valued at $337,000. Institutional investors and hedge funds own 25.05% of the company’s stock.
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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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