Costamare (NYSE:CMRE) Stock Rating Upgraded by StockNews.com

Costamare (NYSE:CMRE – Get Rating) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other equities analysts have also commented on CMRE. Stifel Nicolaus lowered shares of Costamare from a “buy” rating to a “hold” rating and reduced their target price for the company from $12.50 to $11.00 in a report on Friday, January 13th. Jefferies Financial Group reduced their target price on shares of Costamare from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, February 8th.

Costamare Stock Performance

Costamare stock opened at $9.85 on Friday. The firm’s fifty day moving average price is $10.01 and its 200-day moving average price is $9.82. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.33 and a current ratio of 2.40. The stock has a market cap of $1.20 billion, a P/E ratio of 2.31 and a beta of 1.38. Costamare has a fifty-two week low of $8.55 and a fifty-two week high of $18.01.

Institutional Investors Weigh In On Costamare

A number of large investors have recently modified their holdings of CMRE. McIlrath & Eck LLC bought a new stake in shares of Costamare during the 3rd quarter valued at about $36,000. Tower Research Capital LLC TRC boosted its stake in shares of Costamare by 157.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,290 shares of the shipping company’s stock valued at $47,000 after purchasing an additional 3,232 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of Costamare during the 3rd quarter valued at about $67,000. Quadrant Capital Group LLC boosted its stake in shares of Costamare by 108.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,520 shares of the shipping company’s stock valued at $67,000 after purchasing an additional 3,910 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in shares of Costamare by 349.6% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 8,002 shares of the shipping company’s stock valued at $97,000 after purchasing an additional 6,222 shares in the last quarter. Institutional investors own 48.80% of the company’s stock.

Costamare Company Profile

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Costamare, Inc is a holding company, which engages in the provision of containerships chartering. It operates through the following segments: Container Vessels, Dry Bulk Vessels, and Other. The Container Vessels segment consists of transportation of containerized products through ownership and trading of container vessels.