Capital Product Partners L.P. (CPLP) Stock Price Up 3.8%
Capital Product Partners L.P. (NASDAQ:CPLP) shares rose 3.8% on Thursday . The stock traded as high as $3.52 and last traded at $3.51, with a volume of 1,003,910 shares traded. The stock had previously closed at $3.38.
Several research analysts have recently commented on CPLP shares. Jefferies Group restated a “buy” rating on shares of Capital Product Partners L.P. in a research report on Monday, August 1st. Zacks Investment Research upgraded Capital Product Partners L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Evercore ISI lowered Capital Product Partners L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Finally, Deutsche Bank AG raised their price target on Capital Product Partners L.P. from $2.50 to $4.00 and gave the stock a “hold” rating in a research report on Monday, August 1st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.42.
The stock’s 50-day moving average price is $3.44 and its 200-day moving average price is $3.19. The company has a market capitalization of $447.92 million and a PE ratio of 10.11.
Capital Product Partners L.P. (NASDAQ:CPLP) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. The company had revenue of $60.90 million for the quarter, compared to analyst estimates of $60.89 million. Equities research analysts anticipate that Capital Product Partners L.P. will post $0.37 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $0.30 annualized dividend and a dividend yield of 8.06%.
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.
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