Costamare

CMRE · NYSE

$13.78+$0.145 (+1.06%)TodayMarket closed · Oct 20, 7:31 PM ET

Prev close $13.64

CMRE analyst rating

BuyConsensus of 2 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy1
Hold1
Underperform0
Sell0

12-month price target · 4 analysts

Average $20.40 (+48.0% upside)

Low: $19.19
Now: $13.78
High: $22.05

Upgrades and downgrades

The latest rating actions, newest first

CMRE analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Freedom Broker	May 5, 2026	Upgrade	Hold → Buy	$21.00	66%
Jefferies	Nov 4, 2025	Maintains	Hold	$11.00 → $12.00	72%

The case for and against

Updated Apr 24, 2025

Bull case

Costamare Inc. has demonstrated strong financial performance, achieving an adjusted EPS of $0.69 in 4Q, surpassing both consensus estimates and previous forecasts, largely driven by higher revenues and lower charter costs. The company has successfully fixed 12 containerships for over two years, adding approximately $330 million to its revenue backlog, which now totals $2.4 billion. Additionally, Costamare's liquidity remains robust at $941.6 million, with $704.6 million held in cash, reflecting effective financial management and the ability to repay its Euro bond during the quarter.

Bear case

Costamare Inc is grappling with a decline in profitability attributed to a weaker dry bulk market, which has adversely affected its charter hire expenses and contributed to losses in its CBI trading platform. Despite a slight earnings per share (EPS) beat in the third quarter with an adjusted EPS of $0.68, the company reported an EBITDA of $145.7 million, falling short of both consensus expectations and internal forecasts. The persistent issues in the dry bulk segment and the overall pressures from higher interest rates, which negatively impact ship values, contribute to a negative outlook for the company’s stock.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.