Costamare (NYSE:CMRE) Raised to Buy at Wall Street Zen

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

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

Costamare Stock Down 0.2%

NYSE:CMRE opened at $16.57 on Friday. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 5.81 and a beta of 1.21. Costamare has a twelve month low of $6.63 and a twelve month high of $17.91. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $16.70 and a 200-day simple moving average of $14.90.

Costamare (NYSE:CMRE) last posted its quarterly earnings results on Sunday, February 15th. The shipping company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.14). The company had revenue of $200.18 million during the quarter, compared to the consensus estimate of $204.00 million. Costamare had a return on equity of 15.52% and a net margin of 33.19%.The business’s revenue was down 6.9% compared to the same quarter last year. Analysts anticipate that Costamare will post 2.52 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. bought a new stake in shares of Costamare in the 4th quarter valued at about $29,000. Pinnacle Holdings LLC bought a new position in shares of Costamare during the fourth quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd increased its holdings in 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 period. Tower Research Capital LLC TRC increased its holdings in Costamare by 204.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company’s stock valued at $63,000 after buying an additional 4,635 shares during the period. Finally, Focus Partners Wealth bought a new position in Costamare in the third quarter worth approximately $66,000. Hedge funds and other institutional investors own 58.08% of the company’s stock.

Costamare Company Profile

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.