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Costamare Inc (CMRE) [hlAlert]

Rating:
Equal Weight
CMRE
up 1.22 %

Costamare Inc (CMRE) rated Equal Weight with price target $11 by Barclays

Posted on: Monday,  Jan 11, 2016  1:25 PM ET by Barclays

Barclays rated Equal Weight Costamare Inc (NYSE: CMRE) on 01/11/2016. Previously Barclays rated Overweight Costamare Inc (NYSE: CMRE) on 01/07/2013.,
when the stock price was $14.71. Since then, Costamare Inc has gained 1.22% as of 01/11/2016's recent price of $14.89.
If you would have followed the previous Barclays's recommendation on CMRE, you would have gained 1.22% of your investment in 1099 days.

Costamare Inc. (Costamare) is an owner of containerships, chartering its vessels to global liner companies. As of October 15, 2010, it had a fleet of 41 containerships aggregating 211,882 twenty foot equivalent units. Its containerships operate under multi-year charters. Its customers include A.P. Moller-Maersk, MSC and COSCO. As of October 15, 2010, the average remaining time charter duration for its fleet of 41 containerships was 5.6 years. The Company is wholly owned by the Konstantakopoulos family. The Comapny operates through a range of wholly owned vessel-owning subsidiaries incorporated in the Republic of Liberia. On September 21, 2010, it contracted with China Shipbuilding Trading Company Limited and Shanghai Jiangnan Changxing Heavy Industry Co., Ltd. for the construction and purchase of three newbuild containerships, each of 9,000 twenty foot equivalent unit capacity.

Barclays
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/11/2016 1:25 PM Buy
None
8.28 11.00
as of 8/27/2015
1 Week down  -2.10 %
1 Month down  -26.57 %
3 Months down  -25.88 %
1 YTD down  -18.50 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/7/2013 2:25 PM Buy
None
14.71 18.00

(*) Stock Price at the time of the recommendation.
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