Shares of Capital Product Partners L.P. (NASDAQ:CPLP) were up 3% during trading on Friday . The stock traded as high as $3.15 and last traded at $3.09, with a volume of 646,904 shares changing hands. The stock had previously closed at $3.00.

Several equities analysts recently issued reports on CPLP shares. Stifel Nicolaus cut their target price on Capital Product Partners L.P. from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, March 18th. Standpoint Research cut their target price on Capital Product Partners L.P. from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, March 18th. Evercore ISI downgraded Capital Product Partners L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Finally, Zacks Investment Research raised Capital Product Partners L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $9.42.

The firm has a 50 day moving average of $2.97 and a 200 day moving average of $3.33. The company has a market cap of $398.13 million and a P/E ratio of 9.17.

Capital Product Partners L.P. (NASDAQ:CPLP) last released its quarterly earnings data on Tuesday, April 26th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $58 million for the quarter, compared to analyst estimates of $60.51 million. On average, analysts anticipate that Capital Product Partners L.P. will post $0.39 earnings per share for the current fiscal year.

Other large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in Capital Product Partners L.P. by 2.3% in the fourth quarter. First Trust Advisors LP now owns 1,586,180 shares of the company’s stock valued at $8,756,000 after buying an additional 35,801 shares during the period. Penserra Capital Management LLC purchased a new stake in Capital Product Partners L.P. during the fourth quarter valued at about $5,767,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Capital Product Partners L.P. by 508.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 205,505 shares of the company’s stock valued at $1,134,000 after buying an additional 171,710 shares during the period.

Capital Product Partners L.P. is an international owner of modern tanker, container and drybulk vessels. The Partnership owns approximately 35 vessels, including twenty modern Medium Range (MR) product tankers, four Suezmax crude oil tankers, 10 post panamax container vessels and one Capesize bulk carrier.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.