Wall Street Zen Upgrades Costamare (NYSE:CMRE) to Buy

Costamare (NYSE:CMRE) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, Weiss Ratings cut shares of Costamare from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, March 5th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.00.

Costamare Trading Down 1.7%

Costamare stock opened at $16.57 on Friday. The firm’s 50-day moving average is $16.70 and its 200-day moving average is $14.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.70 and a current ratio of 1.73. Costamare has a 1 year low of $6.63 and a 1 year high of $17.91. The company has a market cap of $1.99 billion, a P/E ratio of 5.81 and a beta of 1.21.

Costamare (NYSE:CMRE) last announced its quarterly earnings data on Sunday, February 15th. The shipping company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.14). Costamare had a net margin of 33.19% and a return on equity of 15.52%. The business had revenue of $200.18 million for the quarter, compared to the consensus estimate of $204.00 million. The firm’s revenue was down 6.9% on a year-over-year basis. On average, equities analysts expect that Costamare will post 2.52 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. ST Germain D J Co. Inc. bought a new position in Costamare in the 4th quarter worth about $29,000. Pinnacle Holdings LLC bought a new stake in shares of Costamare during the fourth quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Costamare by 652.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,627 shares of the shipping company’s stock valued at $41,000 after buying an additional 2,278 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Costamare by 204.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company’s stock worth $63,000 after buying an additional 4,635 shares during the period. Finally, Focus Partners Wealth acquired a new position in shares of Costamare during the third quarter worth approximately $66,000. 58.08% of the stock is owned by institutional investors and hedge funds.

About Costamare

Costamare Inc is a leading owner and manager of containerships, specializing in the acquisition, chartering and operation of modern container vessels. The company secures employment for its fleet under a mix of long‐term and short‐term agreements, providing vital capacity to major shipping lines and leveraging fixed-rate charters to support cash flow stability.

Founded in 1974 and headquartered in Athens, Greece, Costamare has cultivated a disciplined approach to fleet renewal, often overseeing newbuild supervision and shipyard coordination to ensure vessels meet performance and environmental standards.