Analyst Buzz: Costamare Inc. (CMRE)

Author

27 May, 2017

Acrospire Investment Management LLC lowered its stake in shares of Costamare Inc (NYSE:CMRE) by 74.0% during the first quarter, according to its most recent filing with the SEC. During the 52-week trading session the minimum price at which share price traded, registered at $38.80 and reached to max level of $53.17. The firm had revenue of $105.52 million for the quarter, compared to analyst estimates of $103.41 million. Russell Investments Group Ltd. acquired a new position in shares of Costamare during the fourth quarter valued at approximately $1,653,000. The company's previous year sales total was 119.53 Million.

The market experts are predicting a 28.57% rally, based on the high target price ($9) for Costamare Inc. shares that is likely to be hit in the 52 weeks. Canada Pension Plan Investment Board now owns 47,600 shares of the shipping company's stock worth $317,000 after buying an additional 45,000 shares during the period.

The stock has Return on Assets (ROA) of 1.9 percent. Two Sigma Investments LP increased its position in shares of Costamare by 410.2% in the fourth quarter. LLC purchased a new position in shares of Costamare during the first quarter valued at about $9,482,000. Market Capitalization if basically the market value of the company's shares outstanding. Hedge funds and other institutional investors own 12.30% of the company's stock. (CMRE) has the trading volume of 9 Million shares with the average trading volume of 1870 shares. A total of 2.57 million shares exchanged hands as contrast to its average trading volume of 934,596 shares. Analysts anticipate that traders could see stock price minimum in the $6.5 range (lowest target price). The firm has a market capitalization of $731.80 million, a P/E ratio of 13.32 and a beta of 1.96. The stock appeared -33.01% below its 52-week highs and is down -5.91% for the last five trades. The shipping company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. Costamare had a net margin of 17.45% and a return on equity of 12.74%. For the current estimate trends of EPS, pool recommendation was $-0.10 and for one month was $-0.09. The business's revenue for the quarter was down 12.3% on a year-over-year basis.

Costamare Inc. on 04/27/2017 reported its EPS as $0.23 with the analysts projecting the EPS of the stock as $0.21.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 8th. Investors of record on Friday, April 21st were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, April 19th. Costamare's payout ratio is now 48.78%. Now the P/E of Costamare Inc. If you are reading this report on another website, it was copied illegally and reposted in violation of U.S. & global trademark & copyright laws.

Currently, EPS of Costamare Inc.

Analyst's mean target price for COP is $60.08 while analysts mean suggestion is 2.00.

CMRE has been the topic of several research analyst reports. Zacks Investment Research upgraded Costamare from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 25th. The analysts, on average, are forecasting a $6.16 price target, but the stock is already up 58.42% from its recent lows. Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). They noted that the move was a valuation call. The share price of the stock plunged -10.32% for the year.


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