Capital Product Partners L.P. (CPLP) Given Average Rating of “Hold” by Analysts

Shares of Capital Product Partners L.P. (NASDAQ:CPLP) have been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $4.75.

Several brokerages recently issued reports on CPLP. UBS AG restated a “neutral” rating and set a $4.00 price objective (down from $4.50) on shares of Capital Product Partners L.P. in a research note on Thursday, August 3rd. ValuEngine upgraded Capital Product Partners L.P. from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. BidaskClub cut Capital Product Partners L.P. from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. TheStreet upgraded Capital Product Partners L.P. from a “c” rating to a “b-” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research cut Capital Product Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th.

Hedge funds have recently bought and sold shares of the business. Stifel Financial Corp lifted its stake in Capital Product Partners L.P. by 31.4% in the first quarter. Stifel Financial Corp now owns 28,050 shares of the shipping company’s stock valued at $100,000 after buying an additional 6,696 shares during the last quarter. Fiduciary Financial Services of The Southwest Inc. TX bought a new stake in Capital Product Partners L.P. in the second quarter valued at $106,000. Russell Investments Group Ltd. bought a new stake in Capital Product Partners L.P. in the second quarter valued at $111,000. Citadel Advisors LLC lifted its stake in Capital Product Partners L.P. by 60.6% in the second quarter. Citadel Advisors LLC now owns 43,243 shares of the shipping company’s stock valued at $147,000 after buying an additional 16,318 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in Capital Product Partners L.P. in the second quarter valued at $150,000. Institutional investors own 17.56% of the company’s stock.

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Shares of Capital Product Partners L.P. (NASDAQ CPLP) remained flat at $3.45 during trading on Friday. 533,422 shares of the company’s stock traded hands. Capital Product Partners L.P. has a one year low of $2.73 and a one year high of $4.00.

Capital Product Partners L.P. (NASDAQ:CPLP) last announced its quarterly earnings data on Friday, July 28th. The shipping company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.02). Capital Product Partners L.P. had a return on equity of 4.95% and a net margin of 18.20%. The firm had revenue of $62.06 million for the quarter, compared to the consensus estimate of $59.47 million. On average, equities research analysts forecast that Capital Product Partners L.P. will post $0.26 EPS for the current fiscal year.

Capital Product Partners L.P. Company Profile

Capital Product Partners L.P. is an international owner of tanker, container and drybulk vessels. The Company’s fleet consisted of 36 high specification vessels with an average age of approximately 7.4 years, as of December 31, 2016. As of December 31, 2016, its fleet consisted of four Suezmax crude oil tankers, 21 medium range product tankers, 10 post-panamax container carrier vessels and one Capesize bulk carrier.

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