Capital Product Partners L.P. (NASDAQ:CPLP) was down 1.4% during mid-day trading on Thursday . The company traded as low as $3.54 and last traded at $3.59, with a volume of 261,338 shares trading hands. The stock had previously closed at $3.64.

A number of equities research analysts have issued reports on CPLP shares. Deutsche Bank AG raised their target price on Capital Product Partners L.P. from $2.50 to $4.00 and gave the company a “hold” rating in a research note on Monday, August 1st. Jefferies Group reiterated a “buy” rating on shares of Capital Product Partners L.P. in a research note on Monday, August 1st. Finally, Zacks Investment Research upgraded Capital Product Partners L.P. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. 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. The company presently has an average rating of “Hold” and a consensus target price of $8.42.

The firm has a market cap of $421.43 million and a P/E ratio of 9.51. The company’s 50-day moving average price is $3.49 and its 200 day moving average price is $3.17.

Capital Product Partners L.P. (NASDAQ:CPLP) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.10 EPS 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. On average, equities research analysts predict that Capital Product Partners L.P. will post $0.37 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, August 5th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 8.57%. 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.

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