Impact of Brokerage Rating on Costamare Inc.(CMRE)

Many Costamare Inc.(CMRE) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Costamare Inc was Upgraded by Stifel on Feb 13, 2017 to Hold, Price Target of the shares are set at $5.50.Costamare Inc was Upgraded by Wells Fargo to Outperform on Feb 13, 2017. Costamare Inc was Initiated by Citigroup on Feb 7, 2017 to Neutral, Price Target of the shares are set at $5.50.Costamare Inc was Upgraded by Morgan Stanley to Overweight on Feb 1, 2017. Costamare Inc was Downgraded by Credit Suisse to Underperform on Jan 30, 2017.

Costamare Inc Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.29. The company had revenue of $110.13 million for the quarter, compared to analysts expectations of $108.69 million. The companys revenue was down -9.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.

Costamare Inc. (NYSE:CMRE) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.9 by 5 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold.

Costamare Inc. (NYSE:CMRE): According to 5 Analysts, The short term target price has been estimated at $ 7.5.The target price could deviate by a maximum of $1.94 from the forecast price. In the near term, the target price could hit a high of $10 and a low of $ 6.

Costamare Inc. (NYSE:CMRE) rose 1.16% or 0.07 points on Tuesday and made its way into the gainers of the day. After trading began at $6 the stock was seen hitting $6.1599 as a peak level and $6 as the lowest level. The stock ended up at $6.09. The daily volume was measured at 886,581 shares. The 52-week high of the share price is $11 and the 52-week low is $5.07. The company has a market cap of $472 million.

Costamare Inc. operates as a containership owner chartering its vessels to liner companies. The Company deploys its containership fleet principally under multi-year time charters with leading liner companies that operate regularly scheduled routes between large commercial ports. It also provides a range of shipping services, such as technical support and maintenance, insurance consulting, financial and accounting services. Costamare Inc. is headquartered in Athens, Greece.

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