Jefferies Maintains Hold on Costamare, Raises Price Target to $12
$CMRE
Marine Transportation
Consumer Discretionary
Jefferies analyst Omar Nokta maintains Costamare (NYSE:CMRE) with a Hold and raises the price target from $11 to $12.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/24/2023 | $15.00 → $10.00 | Buy → Hold | Jefferies |
| 1/13/2023 | $12.50 → $11.00 | Buy → Hold | Stifel |
| 7/21/2022 | $19.00 | Buy | Jefferies |
MONACO, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE:CMRE) today reported unaudited financial results for the third quarter ("Q3 2024") and nine-months ended September 30, 2024. I. PROFITABILITY AND LIQUIDITY Q3 2024 Net Income available to common stockholders of $75.5 million ($0.63 per share).Q3 2024 Adjusted Net Income available to common stockholders1 of $80.7 million ($0.68 per share).Q3 2024 liquidity of $1,019.2 million2. II. SALE AND PURCHASE ACTIVITY Vessel Acquisitions Agreement for: the acquisition of the 2011-built, 179,546 DWT capacity dry bulk vessel, Nord Magnes (tbr. Magnes). Expected conclusion of the acquisition wit
Earnings Release: Friday, November 1, 2024, Before Market OpensConference Call and Webcast: Friday, November 1, 2024, at 8:30 a.m. ET MONACO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE), announced today that it will release its results for the third quarter ended September 30, 2024 before the market opens in New York on Friday, November 1, 2024. Conference Call Details: On Friday, November 1, 2024 at 8:30 a.m. ET, Costamare's management team will hold a conference call to discuss the financial results. Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-844-887-9405 (from the US), 0808-238-9064 (from the UK) or +1
MONACO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE), an international owner and provider of containerships and dry bulk vessels for charter, announced the election of two Class II directors at the Company's virtual annual meeting of stockholders held today. The elected Class II directors are Gregory Zikos and Vagn Lehd Møller who were elected to hold office for a term ending at the annual meeting of stockholders in 2027 and until their successors have been duly elected and qualified. Stockholders also ratified the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company's independent auditors for the fiscal year ending Dece
MONACO, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. ("Costamare" or the "Company") (NYSE:CMRE) today reported unaudited financial results for the third quarter ("Q3 2024") and nine-months ended September 30, 2024. I. PROFITABILITY AND LIQUIDITY Q3 2024 Net Income available to common stockholders of $75.5 million ($0.63 per share).Q3 2024 Adjusted Net Income available to common stockholders1 of $80.7 million ($0.68 per share).Q3 2024 liquidity of $1,019.2 million2. II. SALE AND PURCHASE ACTIVITY Vessel Acquisitions Agreement for: the acquisition of the 2011-built, 179,546 DWT capacity dry bulk vessel, Nord Magnes (tbr. Magnes). Expected conclusion of the acquisition wit
Earnings Release: Friday, November 1, 2024, Before Market OpensConference Call and Webcast: Friday, November 1, 2024, at 8:30 a.m. ET MONACO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE), announced today that it will release its results for the third quarter ended September 30, 2024 before the market opens in New York on Friday, November 1, 2024. Conference Call Details: On Friday, November 1, 2024 at 8:30 a.m. ET, Costamare's management team will hold a conference call to discuss the financial results. Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-844-887-9405 (from the US), 0808-238-9064 (from the UK) or +1
MONACO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") (NYSE:CMRE), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the "Series C Preferred Stock") (NYSE:CMRE) and US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") (NYSE:CMRE). The dividend for the Series B Preferred Stock, the Series C Preferred Stock and the Series D Preferred Stock is for the period from July 15, 2024 to October 14,
MONACO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE), an international owner and provider of containerships and dry bulk vessels for charter, announced the election of two Class II directors at the Company's virtual annual meeting of stockholders held today. The elected Class II directors are Gregory Zikos and Vagn Lehd Møller who were elected to hold office for a term ending at the annual meeting of stockholders in 2027 and until their successors have been duly elected and qualified. Stockholders also ratified the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company's independent auditors for the fiscal year ending Dece
MONACO, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company") (NYSE:CMRE), an international owner and provider of containerships and dry bulk vessels for charter, announced the election of one Class I director at the Company's virtual annual meeting of stockholders held today. The elected Class I director is Konstantinos Zacharatos who was elected to hold office for a term ending at the annual meeting of stockholders in 2026 and until his successor has been duly elected and qualified. Stockholders also ratified the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company's independent auditors for the fiscal year ending December 31, 2023. About
MONACO, July 05, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (the "Company", "Costamare") (NYSE:CMRE) has appointed Peter Lund as Chief Commercial Officer. He is expected to take up his position with Costamare in October 2023. Mr. Lund is currently Vice President, Head of Chartering of A.P. Moller-Maersk in Copenhagen, and has worked for a total of 24 years in the A.P. Moller group of companies in different geographic locations. Konstantinos Konstantakopoulos, Chairman and Chief Executive Officer of Costamare, commented: "We are very pleased to welcome back Mr. Lund as the new Chief Commercial Officer of our company. His broad international shipping background and detailed knowledge of sever
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Jefferies downgraded Costamare from Buy to Hold and set a new price target of $10.00 from $15.00 previously
Stifel downgraded Costamare from Buy to Hold and set a new price target of $11.00 from $12.50 previously
Jefferies initiated coverage of Costamare with a rating of Buy and set a new price target of $19.00
Stifel analyst Benjamin Nolan maintains Costamare (NYSE:CMRE) with a Hold and raises the price target from $12 to $14.
A worse-than-expected University of Michigan’s May consumer report halted stock gains on Friday, sparking worries about a potential decline in consumer health amid perceived rising price pressures. The report disclosed that both near-term and long-term inflation expectations have surged beyond projections this month, causing the broader consumer gauge to hit its lowest levels in six months. “If spending slows down and inflation increases, we'll get the opposite of the Goldilocks scenario that many were hoping for, and the Fed will be in an especially difficult position of choosing between accommodating a slowing economy and fighting increasing inflation expectations,” said Chris Zaccar
Jefferies analyst Omar Nokta maintains Costamare (NYSE:CMRE) with a Hold and raises the price target from $11 to $12.