Costamare (CMRE) Gets Initiated With a Hold Rating at Fearnley

Costamare Inc. (NYSE:CMRE) is one of the best shipping and container stocks to invest in now. On June 27, Fearnley initiated coverage of Costamare Inc. (NYSE:CMRE) with a Hold rating and $9.80 price target.

Costamare Inc. (NYSE:CMRE) reported $95.0 million in net income available to common stockholders for fiscal Q1 2025, translating to $0.79 per share. Adjusted net income available to common stockholders for the quarter reached $73.3 million, or $0.61 per share.

The company also provided owned-fleet charter updates, reporting that 100% and 73% of the containership fleet is fixed for 2025 and 2026, respectively.

Costamare Inc. (NYSE:CMRE) is a holding company that provides containership chartering. The company’s operations are divided into the following segments: Container Vessels, Dry Bulk Vessels, CBI, and NML.

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Disclosure: None. This article is originally published at Insider Monkey.