Costamare (CMRE) Stock Forecast, Price Target & Predictions
CMRE Stock Forecast
Costamare stock forecast is as follows: an average price target of $14.50 (represents a 0.42% upside from CMRE’s last price of $14.44) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
CMRE Price Target
The average price target for Costamare (CMRE) is $14.50 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $15.00 to $14.00. This represents a potential 0.42% upside from CMRE's last price of $14.44.
CMRE Analyst Ratings
According to 3 Wall Street analysts, Costamare's rating consensus is 'Buy'. The analyst rating breakdown for CMRE stock is 0 'Strong Buy' (0.00%), 1 'Buy' (33.33%), 1 'Hold' (33.33%), 1 'Sell' (33.33%), and 0 'Strong Sell' (0.00%).
Costamare Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 24, 2024 | Benjamin Nolan | Stifel Nicolaus | $14.00 | $14.79 | -5.34% | -3.05% |
| Feb 08, 2023 | - | Jefferies | $15.00 | $10.06 | 49.11% | 3.88% |
| Jul 19, 2022 | - | Stifel Nicolaus | $15.00 | $11.51 | 30.31% | 3.88% |
The latest Costamare stock forecast, released on Jul 24, 2024 by Benjamin Nolan from Stifel Nicolaus, set a price target of $14.00, which represents a -5.34% decrease from the stock price at the time of the forecast ($14.79), and a -3.05% decrease from CMRE last price ($14.44).
Costamare Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $14.00 |
| Last Closing Price | $14.44 | $14.44 | $14.44 |
| Upside/Downside | -100.00% | -100.00% | -3.05% |
In the current month, the average price target of Costamare stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Costamare's last price of $14.44. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Dec 13, 2023 | RBC Capital | Underperform | Underperform | Hold |
| Sep 28, 2023 | Citigroup | Neutral | Neutral | Hold |
| Jun 09, 2023 | Morgan Stanley | Underweight | Underweight | Hold |
| Feb 08, 2023 | Jefferies | Buy | Buy | Hold |
Costamare's last stock rating was published by RBC Capital on Dec 13, 2023. The company gave CMRE a "Underperform" rating, the same as its previous rate.
Costamare Financial Forecast
Costamare Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $248.77M | $265.43M | $289.49M | $290.93M | $268.01M | $283.92M | $216.23M | $166.77M | $126.72M | $119.14M | $107.90M |
| Avg Forecast | $191.99M | $194.12M | $189.90M | $188.47M | $195.41M | $203.87M | $207.48M | $215.70M | $389.23M | $366.33M | $378.06M | $400.86M | $329.70M | $301.46M | $293.13M | $336.24M | $337.13M | $271.51M | $239.10M | $221.16M | $259.12M | $274.90M | $285.41M | $268.85M | $267.40M | $222.70M | $162.77M | $122.33M | $121.63M | $115.14M |
| High Forecast | $200.23M | $202.45M | $198.06M | $196.56M | $203.80M | $212.63M | $216.39M | $224.96M | $405.94M | $382.06M | $394.29M | $418.07M | $343.86M | $303.30M | $305.71M | $350.68M | $338.06M | $317.62M | $249.36M | $230.65M | $270.24M | $274.90M | $285.41M | $268.85M | $267.40M | $222.70M | $162.77M | $122.33M | $121.63M | $115.14M |
| Low Forecast | $183.75M | $185.79M | $181.75M | $180.38M | $187.02M | $195.12M | $198.58M | $206.44M | $372.52M | $350.61M | $361.83M | $383.65M | $315.55M | $299.62M | $280.55M | $321.81M | $336.20M | $225.41M | $228.84M | $211.66M | $248.00M | $274.90M | $285.41M | $268.85M | $267.40M | $222.70M | $162.77M | $122.33M | $121.63M | $115.14M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | 1.02% | 1.05% | 1.02% | 1.00% | 1.06% | 0.97% | 1.02% | 1.04% | 0.98% | 0.94% |
Costamare's average Quarter revenue forecast for Jun 23 based on 1 analysts is $239.10M, with a low forecast of $228.84M, and a high forecast of $249.36M. CMRE's average Quarter revenue forecast represents a -3.89% decrease compared to the company's last Quarter revenue of $248.77M (Mar 23).
Costamare EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $74.97M | $118.58M | $187.05M | $184.92M | $168.66M | $222.60M | $172.31M | $139.29M | $109.25M | $69.71M | $65.76M |
| Avg Forecast | $118.38M | $119.69M | $117.09M | $116.21M | $120.49M | $125.71M | $127.93M | $133.00M | $240.00M | $225.88M | $233.11M | $247.17M | $203.29M | $185.88M | $180.74M | $148.67M | $207.87M | $167.41M | $147.43M | $135.16M | $81.12M | $135.96M | $141.16M | $144.55M | $132.25M | $110.14M | $142.34M | $60.50M | $60.16M | $56.94M |
| High Forecast | $123.46M | $124.83M | $122.12M | $121.20M | $125.66M | $131.10M | $133.42M | $138.71M | $250.30M | $235.58M | $243.11M | $257.78M | $212.02M | $187.01M | $188.50M | $178.41M | $208.44M | $195.84M | $153.76M | $162.19M | $97.35M | $135.96M | $141.16M | $173.46M | $132.25M | $110.14M | $170.81M | $60.50M | $60.16M | $56.94M |
| Low Forecast | $113.30M | $114.56M | $112.07M | $111.22M | $115.32M | $120.31M | $122.44M | $127.29M | $229.69M | $216.18M | $223.10M | $236.56M | $194.57M | $184.74M | $172.98M | $118.94M | $207.30M | $138.99M | $141.10M | $108.13M | $64.90M | $135.96M | $141.16M | $115.64M | $132.25M | $110.14M | $113.87M | $60.50M | $60.16M | $56.94M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.55% | 1.46% | 1.38% | 1.31% | 1.17% | 1.68% | 1.56% | 0.98% | 1.81% | 1.16% | 1.15% |
1 analysts predict CMRE's average Quarter EBITDA for Jun 23 to be $147.43M, with a high of $153.76M and a low of $141.10M. This is 96.66% upper than Costamare's previous annual EBITDA (Mar 23) of $74.97M.
Costamare Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $149.16M | $194.44M | $84.93M | $92.74M | $123.04M | $140.70M | $115.21M | $90.62M | $68.14M | $27.07M | $25.25M |
| Avg Forecast | $65.11M | $65.47M | $65.17M | $65.00M | $70.12M | $76.59M | $79.03M | $88.12M | $85.29M | $83.46M | $89.76M | $92.52M | $89.09M | $76.53M | $85.50M | $123.46M | $74.20M | $52.72M | $60.85M | $112.23M | $31.51M | $101.40M | $108.39M | $120.04M | $102.73M | $78.13M | $90.62M | $33.47M | $28.35M | $24.72M |
| High Forecast | $68.74M | $69.12M | $68.81M | $68.63M | $74.03M | $80.86M | $83.44M | $93.03M | $90.05M | $88.12M | $94.77M | $97.68M | $95.02M | $80.80M | $90.27M | $148.15M | $76.59M | $60.71M | $64.24M | $134.68M | $37.81M | $101.40M | $108.39M | $144.04M | $102.73M | $78.13M | $108.74M | $33.47M | $28.35M | $24.72M |
| Low Forecast | $61.48M | $61.82M | $61.53M | $61.37M | $66.21M | $72.32M | $74.62M | $83.20M | $80.53M | $78.80M | $84.75M | $87.35M | $81.96M | $72.26M | $80.73M | $98.77M | $71.80M | $46.33M | $57.45M | $89.79M | $25.21M | $101.40M | $108.39M | $96.03M | $102.73M | $78.13M | $72.49M | $33.47M | $28.35M | $24.72M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.33% | 6.17% | 0.84% | 0.86% | 1.03% | 1.37% | 1.47% | 1.00% | 2.04% | 0.95% | 1.02% |
Costamare's average Quarter net income forecast for Jun 23 is $60.85M, with a range of $57.45M to $64.24M. CMRE's average Quarter net income forecast represents a -59.21% decrease compared to the company's last Quarter net income of $149.16M (Mar 23).
Costamare SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.77M | $4.54M | $3.91M | $5.27M | $5.81M | $15.02M | $12.72M | $9.82M | $8.88M | $8.89M | $7.95M |
| Avg Forecast | $5.21M | $5.27M | $5.15M | $5.11M | $5.30M | $5.53M | $5.63M | $5.85M | $10.56M | $9.94M | $10.25M | $10.87M | $8.94M | $8.18M | $7.95M | $16.74M | $9.14M | $7.36M | $6.49M | $15.22M | $10.35M | $7.47M | $7.76M | $16.27M | $7.27M | $6.05M | $9.82M | $3.33M | $3.31M | $3.13M |
| High Forecast | $5.43M | $5.49M | $5.37M | $5.33M | $5.53M | $5.77M | $5.87M | $6.10M | $11.01M | $10.36M | $10.69M | $11.34M | $9.33M | $8.23M | $8.29M | $20.09M | $9.17M | $8.62M | $6.76M | $18.26M | $12.42M | $7.47M | $7.76M | $19.53M | $7.27M | $6.05M | $11.78M | $3.33M | $3.31M | $3.13M |
| Low Forecast | $4.98M | $5.04M | $4.93M | $4.89M | $5.07M | $5.29M | $5.39M | $5.60M | $10.10M | $9.51M | $9.81M | $10.41M | $8.56M | $8.13M | $7.61M | $13.39M | $9.12M | $6.11M | $6.21M | $12.17M | $8.28M | $7.47M | $7.76M | $13.02M | $7.27M | $6.05M | $7.86M | $3.33M | $3.31M | $3.13M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.38% | 0.44% | 0.52% | 0.68% | 0.36% | 2.07% | 2.10% | 1.00% | 2.67% | 2.69% | 2.54% |
Costamare's average Quarter SG&A projection for Jun 23 is $6.49M, based on 1 Wall Street analysts, with a range of $6.21M to $6.76M. The forecast indicates a 12.32% rise compared to CMRE last annual SG&A of $5.77M (Mar 23).
Costamare EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.16 | $1.53 | $0.68 | $0.75 | $0.93 | $1.14 | $0.87 | $0.67 | $0.49 | $0.16 | $0.21 |
| Avg Forecast | $0.54 | $0.55 | $0.55 | $0.54 | $0.59 | $0.64 | $0.66 | $0.74 | $0.71 | $0.70 | $0.75 | $0.77 | $0.74 | $0.64 | $0.71 | $0.59 | $0.62 | $0.44 | $0.51 | $0.36 | $0.73 | $0.85 | $0.91 | $0.86 | $0.86 | $0.66 | $0.43 | $0.28 | $0.24 | $0.21 |
| High Forecast | $0.57 | $0.58 | $0.58 | $0.57 | $0.62 | $0.68 | $0.70 | $0.78 | $0.75 | $0.74 | $0.79 | $0.82 | $0.79 | $0.68 | $0.75 | $0.59 | $0.64 | $0.51 | $0.54 | $0.38 | $0.77 | $0.85 | $0.91 | $0.86 | $0.86 | $0.66 | $0.43 | $0.28 | $0.24 | $0.21 |
| Low Forecast | $0.51 | $0.52 | $0.51 | $0.51 | $0.55 | $0.60 | $0.62 | $0.70 | $0.67 | $0.66 | $0.71 | $0.73 | $0.69 | $0.60 | $0.68 | $0.59 | $0.60 | $0.39 | $0.48 | $0.34 | $0.69 | $0.85 | $0.91 | $0.86 | $0.86 | $0.66 | $0.43 | $0.28 | $0.24 | $0.21 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.27% | 2.09% | 0.80% | 0.82% | 1.08% | 1.32% | 1.33% | 1.58% | 1.74% | 0.67% | 1.01% |
According to 1 Wall Street analysts, Costamare's projected average Quarter EPS for Jun 23 is $0.51, with a low estimate of $0.48 and a high estimate of $0.54. This represents a -56.13% decrease compared to CMRE previous annual EPS of $1.16 (Mar 23).
Costamare Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| NMM | Navios Maritime Partners | $52.68 | $80.00 | 51.86% | Buy |
| GSL | Global Ship Lease | $23.33 | $29.00 | 24.30% | Buy |
| ASC | Ardmore Shipping | $12.32 | $15.17 | 23.13% | Buy |
| DAC | Danaos | $85.37 | $105.00 | 22.99% | Buy |
| GNK | Genco Shipping & Trading | $17.14 | $19.67 | 14.76% | Buy |
| CPLP | Capital Product Partners | $16.77 | $17.00 | 1.37% | - |
| CMRE | Costamare | $14.44 | $14.50 | 0.42% | Buy |
| KEX | Kirby | $129.30 | $116.50 | -9.90% | Buy |