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.

Is Costamare Inc. (CMRE) the Best Marine Shipping Stock to Invest in Now?

A large shipping container vessel with cranes in motion on the open sea.

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.

While we acknowledge the potential of CMRE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CMRE and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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