B. Riley Analysts Give Capital Product Partners (CPLP) a $14.00 Price Target

Capital Product Partners (NASDAQ:CPLP) has been given a $14.00 target price by B. Riley in a research note issued on Tuesday, TipRanks reports. The brokerage currently has a “buy” rating on the shipping company’s stock. B. Riley’s target price would suggest a potential upside of 35.92% from the stock’s current price.

A number of other brokerages have also weighed in on CPLP. Zacks Investment Research raised Capital Product Partners from a “hold” rating to a “buy” rating and set a $17.50 target price for the company in a research report on Monday, February 4th. ValuEngine downgraded Capital Product Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 1st. Finally, BidaskClub downgraded Capital Product Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $17.88.

Shares of NASDAQ CPLP opened at $10.30 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.56 and a quick ratio of 0.49. The firm has a market cap of $192.36 million, a price-to-earnings ratio of 10.51 and a beta of 1.04. Capital Product Partners has a twelve month low of $10.11 and a twelve month high of $22.57.

Capital Product Partners (NASDAQ:CPLP) last issued its earnings results on Monday, May 13th. The shipping company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.41). The firm had revenue of $26.28 million for the quarter, compared to the consensus estimate of $57.93 million. Capital Product Partners had a negative net margin of 59.95% and a positive return on equity of 3.64%. Research analysts expect that Capital Product Partners will post 1.54 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Donald Smith & CO. Inc. increased its holdings in shares of Capital Product Partners by 100.5% in the 4th quarter. Donald Smith & CO. Inc. now owns 4,532,859 shares of the shipping company’s stock valued at $9,474,000 after acquiring an additional 2,272,183 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Capital Product Partners by 19.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,382,108 shares of the shipping company’s stock valued at $3,843,000 after acquiring an additional 229,516 shares during the period. Goodman Financial Corp increased its holdings in shares of Capital Product Partners by 1.0% in the 1st quarter. Goodman Financial Corp now owns 973,494 shares of the shipping company’s stock valued at $1,460,000 after acquiring an additional 9,530 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Capital Product Partners by 18.3% in the 4th quarter. Two Sigma Advisers LP now owns 508,500 shares of the shipping company’s stock valued at $1,063,000 after acquiring an additional 78,684 shares during the period. Finally, Two Sigma Investments LP grew its stake in Capital Product Partners by 273.9% during the 4th quarter. Two Sigma Investments LP now owns 467,551 shares of the shipping company’s stock worth $977,000 after buying an additional 342,493 shares during the last quarter.

About Capital Product Partners

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. It transports a range of cargoes, including crude oil; refined oil products, such as gasoline, diesel, fuel oil and jet fuel; edible oils; chemicals, such as ethanol; and dry cargo and containerized goods under short-term voyage charters, and medium to long-term time and bareboat charters.

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