Costamare traded at $16.90 this Tuesday March 31st, increasing $0.63 or 3.87 percent since the previous trading session. Looking back, over the last four weeks, Costamare gained 5.64 percent. Over the last 12 months, its price rose by 69.68 percent. Looking ahead, we forecast Costamare to be priced at 16.39 by the end of this quarter and at 14.96 in one year, according to Trading Economics global macro models projections and analysts expectations.
Costamare Inc. (Costamare) is a holding company. The Company is an international owner of containerships. The Company is engaged in chartering its vessels to various liner companies. The Company provides marine transportation services around the world by chartering its container vessels to liner operators under long, medium and short-term time charters. As of March 10, 2017, the Company had a fleet of 69 containerships with a total capacity of approximately 456,000 TEU, including five newbuilds on order. The Company's fleet of vessels includes Cosco Guangzhou, Titan, Cosco Yantian, Valor, Valiant and Maersk Kobe. Its subsidiaries include Adele Shipping Co., Bastian Shipping Co., Cadence Shipping Co., Jodie Shipping Co. and Kayley Shipping Co.