Published On: Fri, Sep 23rd, 2016

Capital Product Partners L.P. (CPLP) – Research Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Capital Product Partners L.P. (NASDAQ: CPLP) recently:

9/20/2016 – Capital Product Partners L.P. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CAPITAL PRODUCT PARTNERS L.P. is an international shipping company and leader in the seaborne transportation of refined oil products and chemicals. Their fleet of product tankers is fully chartered under medium- to long-term time and bareboat charters. With their modern, state-of-the-art fleet and built-in growth through contracted acquisitions of additional vessels and the potential drop-down of optional vessels from the owner of their General Partner, Capital Maritime & Trading Corp., they are well-positioned to capitalize on the growth dynamics of the product tanker industry, worldwide, as well as pending regulatory changes. “
9/19/2016 – Capital Product Partners L.P. had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $5.00 price target on the stock.
9/12/2016 – Capital Product Partners L.P. had its “buy” rating reaffirmed by analysts at Jefferies Group.
9/12/2016 – Capital Product Partners L.P. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CAPITAL PRODUCT PARTNERS L.P. is an international shipping company and leader in the seaborne transportation of refined oil products and chemicals. Their fleet of product tankers is fully chartered under medium- to long-term time and bareboat charters. With their modern, state-of-the-art fleet and built-in growth through contracted acquisitions of additional vessels and the potential drop-down of optional vessels from the owner of their General Partner, Capital Maritime & Trading Corp., they are well-positioned to capitalize on the growth dynamics of the product tanker industry, worldwide, as well as pending regulatory changes. “
8/31/2016 – Capital Product Partners L.P. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CAPITAL PRODUCT PARTNERS L.P. is an international shipping company and leader in the seaborne transportation of refined oil products and chemicals. Their fleet of product tankers is fully chartered under medium- to long-term time and bareboat charters. With their modern, state-of-the-art fleet and built-in growth through contracted acquisitions of additional vessels and the potential drop-down of optional vessels from the owner of their General Partner, Capital Maritime & Trading Corp., they are well-positioned to capitalize on the growth dynamics of the product tanker industry, worldwide, as well as pending regulatory changes. “
8/29/2016 – Capital Product Partners L.P. had its “buy” rating reaffirmed by analysts at Jefferies Group.
8/23/2016 – Capital Product Partners L.P. had its “buy” rating reaffirmed by analysts at Jefferies Group.
8/1/2016 – Capital Product Partners L.P. had its price target raised by analysts at Deutsche Bank AG from $2.50 to $4.00. They now have a “hold” rating on the stock.
8/1/2016 – Capital Product Partners L.P. had its “buy” rating reaffirmed by analysts at Jefferies Group.

Capital Product Partners L.P. (NASDAQ:CPLP) opened at 3.28 on Friday. The stock has a market cap of $394.94 million, a P/E ratio of 8.91 and a beta of 1.56. The company’s 50-day moving average price is $3.48 and its 200-day moving average price is $3.18. Capital Product Partners L.P. has a one year low of $2.41 and a one year high of $7.65.
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 for the quarter, meeting the Zacks’ consensus estimate of $0.10. The firm had revenue of $60.90 million for the quarter, compared to analysts’ expectations of $60.89 million. Analysts forecast that Capital Product Partners L.P. will post $0.37 EPS for the current fiscal year.
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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