Capital Product Partners L.P. (CPLP) Trading Down 1.4%
Capital Product Partners L.P. (NASDAQ:CPLP) shares were down 1.4% on Thursday . The company traded as low as $3.54 and last traded at $3.59, with a volume of 261,338 shares. The stock had previously closed at $3.64.
A number of research analysts have weighed in on CPLP shares. Jefferies Group reissued a “buy” rating on shares of Capital Product Partners L.P. in a research note on Tuesday. Zacks Investment Research raised shares of Capital Product Partners L.P. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Deutsche Bank AG raised their target price on shares of Capital Product Partners L.P. from $2.50 to $4.00 and gave the stock a “hold” rating in a research note on Monday, August 1st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Capital Product Partners L.P. currently has a consensus rating of “Hold” and a consensus target price of $8.42.
The firm’s 50 day moving average is $3.53 and its 200-day moving average is $3.17. The company has a market capitalization of $419.02 million and a PE ratio of 9.46.
Capital Product Partners L.P. (NASDAQ:CPLP) last issued its earnings results on Friday, July 29th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $60.90 million for the quarter, compared to analyst estimates of $60.89 million. Analysts expect that Capital Product Partners L.P. will post $0.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, August 5th were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, August 3rd. This represents a $0.30 annualized dividend and a yield of 8.62%.
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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