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 5.61% upside from CMRE’s last price of $13.73) 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 5.61% upside from CMRE's last price of $13.73.
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% | 1.97% |
| Feb 08, 2023 | - | Jefferies | $15.00 | $10.06 | 49.11% | 9.25% |
| Jul 19, 2022 | - | Stifel Nicolaus | $15.00 | $11.51 | 30.31% | 9.25% |
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 1.97% increase from CMRE last price ($13.73).
Costamare Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $14.00 |
| Last Closing Price | $13.73 | $13.73 | $13.73 |
| Upside/Downside | -100.00% | -100.00% | 1.97% |
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 $13.73. 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 | $320.53M | $298.46M | $312.73M | $338.97M | $303.69M | $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 | $191.99M | $194.12M | $189.90M | $188.47M | $195.41M | $203.87M | $207.48M | $215.70M | $320.53M | $298.46M | $312.73M | $338.97M | $303.69M | $301.46M | $293.13M | $336.24M | $338.06M | $317.62M | $239.10M | $221.16M | $259.12M | $274.90M | $285.41M | $268.85M | $267.40M | $222.70M | $162.77M | $122.33M | $121.63M | $115.14M |
| Low Forecast | $191.99M | $194.12M | $189.90M | $188.47M | $195.41M | $203.87M | $207.48M | $215.70M | $320.53M | $298.46M | $312.73M | $338.97M | $303.69M | $301.46M | $293.13M | $336.24M | $336.20M | $225.41M | $239.10M | $221.16M | $259.12M | $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 $239.10M, and a high forecast of $239.10M. 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 | $94.96M | $96.01M | $93.92M | $93.21M | $96.65M | $100.83M | $102.62M | $106.68M | $158.53M | $147.61M | $154.67M | $167.65M | $150.20M | $149.10M | $144.98M | $148.67M | $166.74M | $134.29M | $118.26M | $135.16M | $81.12M | $135.96M | $141.16M | $144.55M | $132.25M | $110.14M | $142.34M | $60.50M | $60.16M | $56.94M |
| High Forecast | $94.96M | $96.01M | $93.92M | $93.21M | $96.65M | $100.83M | $102.62M | $106.68M | $158.53M | $147.61M | $154.67M | $167.65M | $150.20M | $149.10M | $144.98M | $178.41M | $167.20M | $157.09M | $118.26M | $162.19M | $97.35M | $135.96M | $141.16M | $173.46M | $132.25M | $110.14M | $170.81M | $60.50M | $60.16M | $56.94M |
| Low Forecast | $94.96M | $96.01M | $93.92M | $93.21M | $96.65M | $100.83M | $102.62M | $106.68M | $158.53M | $147.61M | $154.67M | $167.65M | $150.20M | $149.10M | $144.98M | $118.94M | $166.28M | $111.48M | $118.26M | $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 $118.26M, with a high of $118.26M and a low of $118.26M. This is 57.75% 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 | $63.83M | $64.21M | $60.53M | $58.03M | $62.82M | $69.37M | $71.51M | $81.04M | $77.46M | $76.27M | $85.81M | $93.55M | $91.17M | $76.27M | $85.21M | $123.46M | $73.95M | $52.54M | $60.64M | $112.23M | $31.51M | $101.40M | $108.39M | $120.04M | $102.73M | $78.13M | $90.62M | $33.47M | $28.35M | $24.72M |
| High Forecast | $63.83M | $64.21M | $60.53M | $58.03M | $62.82M | $69.37M | $71.51M | $81.04M | $77.46M | $76.27M | $85.81M | $93.55M | $91.17M | $78.66M | $85.21M | $148.15M | $76.33M | $60.50M | $60.64M | $134.68M | $37.81M | $101.40M | $108.39M | $144.04M | $102.73M | $78.13M | $108.74M | $33.47M | $28.35M | $24.72M |
| Low Forecast | $63.83M | $64.21M | $60.53M | $58.03M | $62.82M | $69.37M | $71.51M | $81.04M | $77.46M | $76.27M | $85.81M | $93.55M | $91.17M | $73.89M | $85.21M | $98.77M | $71.56M | $46.17M | $60.64M | $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 $60.64M, with a range of $60.64M to $60.64M. CMRE's average Quarter net income forecast represents a -59.34% 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 | $5.22M | $5.28M | $5.16M | $5.12M | $5.31M | $5.54M | $5.64M | $5.86M | $8.71M | $8.11M | $8.50M | $9.22M | $8.26M | $8.20M | $7.97M | $16.74M | $9.17M | $7.38M | $6.50M | $15.22M | $10.35M | $7.47M | $7.76M | $16.27M | $7.27M | $6.05M | $9.82M | $3.33M | $3.31M | $3.13M |
| High Forecast | $5.22M | $5.28M | $5.16M | $5.12M | $5.31M | $5.54M | $5.64M | $5.86M | $8.71M | $8.11M | $8.50M | $9.22M | $8.26M | $8.20M | $7.97M | $20.09M | $9.19M | $8.64M | $6.50M | $18.26M | $12.42M | $7.47M | $7.76M | $19.53M | $7.27M | $6.05M | $11.78M | $3.33M | $3.31M | $3.13M |
| Low Forecast | $5.22M | $5.28M | $5.16M | $5.12M | $5.31M | $5.54M | $5.64M | $5.86M | $8.71M | $8.11M | $8.50M | $9.22M | $8.26M | $8.20M | $7.97M | $13.39M | $9.14M | $6.13M | $6.50M | $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 $6.50M, based on 1 Wall Street analysts, with a range of $6.50M to $6.50M. The forecast indicates a 12.58% 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 | $0.54 | $0.51 | $0.49 | $0.53 | $0.58 | $0.60 | $0.68 | $0.65 | $0.64 | $0.72 | $0.79 | $0.77 | $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 | $0.54 | $0.54 | $0.51 | $0.49 | $0.53 | $0.58 | $0.60 | $0.68 | $0.65 | $0.64 | $0.72 | $0.79 | $0.77 | $0.66 | $0.71 | $0.59 | $0.64 | $0.51 | $0.51 | $0.36 | $0.73 | $0.85 | $0.91 | $0.86 | $0.86 | $0.66 | $0.43 | $0.28 | $0.24 | $0.21 |
| Low Forecast | $0.54 | $0.54 | $0.51 | $0.49 | $0.53 | $0.58 | $0.60 | $0.68 | $0.65 | $0.64 | $0.72 | $0.79 | $0.77 | $0.62 | $0.71 | $0.59 | $0.60 | $0.39 | $0.51 | $0.36 | $0.73 | $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 $0.51 and a high estimate of $0.51. 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 | $53.43 | $80.00 | 49.73% | Buy |
| DAC | Danaos | $81.95 | $105.00 | 28.13% | Buy |
| GNK | Genco Shipping & Trading | $15.95 | $19.67 | 23.32% | Buy |
| GSL | Global Ship Lease | $24.06 | $29.00 | 20.53% | Buy |
| ASC | Ardmore Shipping | $14.04 | $15.17 | 8.05% | Buy |
| CMRE | Costamare | $13.73 | $14.50 | 5.61% | Buy |
| KEX | Kirby | $114.28 | $116.50 | 1.94% | Buy |
| CPLP | Capital Product Partners | $16.77 | $17.00 | 1.37% | - |
CMRE Forecast FAQ
Is Costamare a good buy?
Yes, according to 3 Wall Street analysts, Costamare (CMRE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 33.33% of CMRE's total ratings.
What is CMRE's price target?
Costamare (CMRE) average price target is $14.5 with a range of $14 to $15, implying a 5.61% from its last price of $13.73. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Costamare stock go up soon?
According to Wall Street analysts' prediction for CMRE stock, the company can go up by 5.61% (from the last price of $13.73 to the average price target of $14.5), up by 9.25% based on the highest stock price target, and up by 1.97% based on the lowest stock price target.
Can Costamare stock reach $20?
CMRE's average twelve months analyst stock price target of $14.5 does not support the claim that Costamare can reach $20 in the near future.
What are Costamare's analysts' financial forecasts?
Costamare's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $822.47M (high $822.47M, low $822.47M), average EBITDA is $406.78M (high $406.78M, low $406.78M), average net income is $284.74M (high $284.74M, low $284.74M), average SG&A $22.36M (high $22.36M, low $22.36M), and average EPS is $2.39 (high $2.39, low $2.39). CMRE's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $764.48M (high $764.48M, low $764.48M), average EBITDA is $378.1M (high $378.1M, low $378.1M), average net income is $246.6M (high $246.6M, low $246.6M), average SG&A $20.78M (high $20.78M, low $20.78M), and average EPS is $2.07 (high $2.07, low $2.07).
Did the CMRE's actual financial results beat the analysts' financial forecasts?
Based on Costamare's last annual report (Dec 2022), the company's revenue was $1.11B, beating the average analysts forecast of $1.09B by 2.35%. Apple's EBITDA was $546.37M, beating the average prediction of $502.8M by 8.67%. The company's net income was $554.96M, beating the average estimation of $361.33M by 53.59%. Apple's SG&A was $19.53M, missing the average forecast of $41.85M by -53.34%. Lastly, the company's EPS was $4.26, beating the average prediction of $3.35 by 27.04%. In terms of the last quarterly report (Mar 2023), Costamare's revenue was $248.77M, beating the average analysts' forecast of $221.16M by 12.48%. The company's EBITDA was $74.97M, missing the average prediction of $135.16M by -44.53%. Costamare's net income was $149.16M, beating the average estimation of $112.23M by 32.90%. The company's SG&A was $5.77M, missing the average forecast of $15.22M by -62.05%. Lastly, the company's EPS was $1.16, beating the average prediction of $0.355 by 226.52%