Capital Product Partners L.P. (CPLP) Sees Large Volume Increase
Capital Product Partners L.P. (NASDAQ:CPLP) shares saw strong trading volume on Friday . 3,041,095 shares traded hands during trading, an increase of 187% from the previous session’s volume of 1,061,427 shares.The stock last traded at $3.56 and had previously closed at $3.52.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Capital Product Partners L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday. Jefferies Group restated a “buy” rating on shares of Capital Product Partners L.P. in a research report on Monday, August 29th. Finally, Deutsche Bank AG raised their price objective 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. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $8.42.
The stock’s 50 day moving average is $3.61 and its 200-day moving average is $3.19. The firm has a market cap of $428.66 million and a PE ratio of 9.67.
Capital Product Partners L.P. (NASDAQ:CPLP) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. The business earned $60.90 million during the quarter, compared to the consensus estimate of $60.89 million. Equities research analysts forecast that Capital Product Partners L.P. will post $0.37 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, August 5th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 8.40%. The ex-dividend date was Wednesday, August 3rd.
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.