Costamare (NYSE:CMRE - Get Free Report)'s stock had its "hold" rating reiterated by analysts at Jefferies Financial Group in a report released on Friday, Benzinga reports. They currently have a $13.00 price objective on the shipping company's stock. Jefferies Financial Group's price target would indicate a potential downside of 5.32% from the stock's current price.
A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus lifted their target price on Costamare from $12.00 to $14.00 and gave the company a "hold" rating in a research report on Wednesday, July 24th. StockNews.com lowered shares of Costamare from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd.
Check Out Our Latest Stock Report on Costamare
Costamare Trading Up 0.9 %
NYSE:CMRE traded up $0.12 during trading hours on Friday, hitting $13.73. The stock had a trading volume of 449,127 shares, compared to its average volume of 498,305. The business's 50 day moving average is $14.16 and its 200-day moving average is $14.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.54 and a current ratio of 1.61. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 4.85 and a beta of 1.37. Costamare has a one year low of $8.61 and a one year high of $17.58.
Costamare (NYSE:CMRE - Get Free Report) last posted its earnings results on Wednesday, July 31st. The shipping company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.05. The firm had revenue of $515.42 million during the quarter, compared to analysts' expectations of $380.41 million. Costamare had a return on equity of 13.63% and a net margin of 19.63%. Sell-side analysts anticipate that Costamare will post 2.81 EPS for the current fiscal year.
Hedge Funds Weigh In On Costamare
Large investors have recently made changes to their positions in the company. nVerses Capital LLC raised its stake in Costamare by 1,700.0% in the third quarter. nVerses Capital LLC now owns 1,800 shares of the shipping company's stock valued at $28,000 after purchasing an additional 1,700 shares in the last quarter. CWM LLC lifted its stake in Costamare by 53.6% during the second quarter. CWM LLC now owns 4,302 shares of the shipping company's stock worth $71,000 after purchasing an additional 1,502 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new stake in shares of Costamare in the 2nd quarter valued at $80,000. Blue Trust Inc. increased its stake in shares of Costamare by 2,540.4% in the 3rd quarter. Blue Trust Inc. now owns 7,393 shares of the shipping company's stock valued at $121,000 after purchasing an additional 7,113 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Costamare in the 2nd quarter valued at $185,000. Institutional investors own 58.08% of the company's stock.
Costamare Company Profile
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