Capital Product Partners L.P. (NASDAQ:CPLP) – Equities research analysts at Jefferies Group issued their FY2017 EPS estimates for Capital Product Partners in a report issued on Monday. Jefferies Group analyst R. Giveans forecasts that the shipping company will post earnings of $0.24 per share for the year. Jefferies Group has a “Buy” rating and a $5.00 price objective on the stock. Jefferies Group also issued estimates for Capital Product Partners’ Q4 2017 earnings at $0.06 EPS and FY2018 earnings at $0.22 EPS.

CPLP has been the topic of a number of other reports. ValuEngine upgraded shares of Capital Product Partners from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Capital Product Partners from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, BidaskClub lowered shares of Capital Product Partners from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $4.75.

Capital Product Partners (NASDAQ CPLP) opened at $3.38 on Wednesday. The stock has a market cap of $428.69, a PE ratio of 12.11 and a beta of 1.58. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 0.46. Capital Product Partners has a 1-year low of $3.10 and a 1-year high of $4.00.

Capital Product Partners (NASDAQ:CPLP) last released its earnings results on Friday, October 27th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. The company had revenue of $62.68 million for the quarter, compared to analyst estimates of $59.71 million. Capital Product Partners had a net margin of 17.17% and a return on equity of 4.70%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Partnervest Advisory Services LLC increased its stake in shares of Capital Product Partners by 12.6% during the 3rd quarter. Partnervest Advisory Services LLC now owns 149,585 shares of the shipping company’s stock valued at $524,000 after acquiring an additional 16,749 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Capital Product Partners by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 995,961 shares of the shipping company’s stock valued at $3,486,000 after acquiring an additional 68,892 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Capital Product Partners by 210.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 101,677 shares of the shipping company’s stock valued at $356,000 after acquiring an additional 68,970 shares during the last quarter. Goodman Financial Corp acquired a new position in shares of Capital Product Partners during the 3rd quarter valued at about $2,768,000. Finally, Susquehanna International Group LLP increased its stake in shares of Capital Product Partners by 354.2% during the 2nd quarter. Susquehanna International Group LLP now owns 146,220 shares of the shipping company’s stock valued at $497,000 after acquiring an additional 114,028 shares during the last quarter. 19.24% of the stock is owned by institutional investors.

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Capital Product Partners 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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