Costamare (NYSE:CMRE) Upgraded at Wall Street Zen

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

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

Costamare Stock Performance

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

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

Institutional Trading of Costamare

Several hedge funds and other institutional investors have recently bought and sold shares of CMRE. The Manufacturers Life Insurance Company lifted its holdings in Costamare by 8.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,393 shares of the shipping company’s stock worth $140,000 after buying an additional 1,148 shares during the last quarter. State of Wisconsin Investment Board increased its holdings in shares of Costamare by 3.0% in the 4th quarter. State of Wisconsin Investment Board now owns 46,069 shares of the shipping company’s stock valued at $727,000 after acquiring an additional 1,331 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Costamare by 2.2% in the 4th quarter. Ieq Capital LLC now owns 72,722 shares of the shipping company’s stock valued at $1,148,000 after acquiring an additional 1,575 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of Costamare during the 4th quarter valued at approximately $29,000. Finally, Pinnacle Holdings LLC acquired a new stake in shares of Costamare during the 4th quarter valued at approximately $30,000. 58.08% of the stock is owned by institutional investors.

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.