|
News Code
123186
Copied
Capital Product Partners L. P. Rating Decreased to Hold by Zacks Investment Research
TIN news: Zacks Investment Research cut shares of Capital Product Partners L.P. (NASDAQ:CPLP) from a buy rating to a hold rating in a research note published on Monday.
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. “
Several other equities research analysts also recently weighed in on the stock. Clarkson Capital reissued a buy rating on shares of Capital Product Partners L.P. in a research note on Monday, October 31st. Jefferies Group reissued a buy rating and issued a $5.00 target price on shares of Capital Product Partners L.P. in a research note on Monday, September 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $6.40.
Shares of Capital Product Partners L.P. (NASDAQ:CPLP) opened at 3.27 on Monday. The company’s 50-day moving average is $0.00 and its 200 day moving average is $0.00. Capital Product Partners L.P. has a 1-year low of $2.41 and a 1-year high of $5.60.
Capital Product Partners L.P. (NASDAQ:CPLP) last released its quarterly earnings results on Monday, October 31st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. The company had revenue of $60.30 million for the quarter, compared to the consensus estimate of $58.18 million. Analysts anticipate that Capital Product Partners L.P. will post $0.33 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Eagle Boston Investment Management Inc. increased its position in Capital Product Partners L.P. by 0.8% in the second quarter. Eagle Boston Investment Management Inc. now owns 500,175 shares of the company’s stock valued at $1,490,000 after buying an additional 4,060 shares in the last quarter. I.G. Investment Management LTD. increased its position in Capital Product Partners L.P. by 3.2% in the second quarter. I.G. Investment Management LTD. now owns 142,436 shares of the company’s stock valued at $424,000 after buying an additional 4,458 shares in the last quarter. Two Sigma Advisers LP increased its position in Capital Product Partners L.P. by 2.2% in the third quarter. Two Sigma Advisers LP now owns 488,292 shares of the company’s stock valued at $1,592,000 after buying an additional 10,376 shares in the last quarter. Teachers Advisors Inc. increased its position in Capital Product Partners L.P. by 0.7% in the second quarter. Teachers Advisors Inc. now owns 1,571,400 shares of the company’s stock valued at $4,683,000 after buying an additional 10,700 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Capital Product Partners L.P. by 27.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 59,931 shares of the company’s stock valued at $179,000 after buying an additional 12,878 shares in the last quarter.
Source: Zacks
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. “
Several other equities research analysts also recently weighed in on the stock. Clarkson Capital reissued a buy rating on shares of Capital Product Partners L.P. in a research note on Monday, October 31st. Jefferies Group reissued a buy rating and issued a $5.00 target price on shares of Capital Product Partners L.P. in a research note on Monday, September 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $6.40.
Shares of Capital Product Partners L.P. (NASDAQ:CPLP) opened at 3.27 on Monday. The company’s 50-day moving average is $0.00 and its 200 day moving average is $0.00. Capital Product Partners L.P. has a 1-year low of $2.41 and a 1-year high of $5.60.
Capital Product Partners L.P. (NASDAQ:CPLP) last released its quarterly earnings results on Monday, October 31st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. The company had revenue of $60.30 million for the quarter, compared to the consensus estimate of $58.18 million. Analysts anticipate that Capital Product Partners L.P. will post $0.33 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Eagle Boston Investment Management Inc. increased its position in Capital Product Partners L.P. by 0.8% in the second quarter. Eagle Boston Investment Management Inc. now owns 500,175 shares of the company’s stock valued at $1,490,000 after buying an additional 4,060 shares in the last quarter. I.G. Investment Management LTD. increased its position in Capital Product Partners L.P. by 3.2% in the second quarter. I.G. Investment Management LTD. now owns 142,436 shares of the company’s stock valued at $424,000 after buying an additional 4,458 shares in the last quarter. Two Sigma Advisers LP increased its position in Capital Product Partners L.P. by 2.2% in the third quarter. Two Sigma Advisers LP now owns 488,292 shares of the company’s stock valued at $1,592,000 after buying an additional 10,376 shares in the last quarter. Teachers Advisors Inc. increased its position in Capital Product Partners L.P. by 0.7% in the second quarter. Teachers Advisors Inc. now owns 1,571,400 shares of the company’s stock valued at $4,683,000 after buying an additional 10,700 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Capital Product Partners L.P. by 27.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 59,931 shares of the company’s stock valued at $179,000 after buying an additional 12,878 shares in the last quarter.
Source: Zacks