Capital Product Partners (NASDAQ:CPLP) Price Target Lowered to $20.00 at Stifel Nicolaus

Capital Product Partners (NASDAQ:CPLP) had its price target cut by Stifel Nicolaus from $21.00 to $20.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the shipping company’s stock.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group cut shares of Capital Product Partners from a buy rating to a hold rating and dropped their price target for the stock from $22.00 to $18.00 in a research report on Tuesday, February 27th. B. Riley boosted their price target on shares of Capital Product Partners from $19.00 to $24.00 and gave the stock a buy rating in a research report on Monday, February 5th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Capital Product Partners has a consensus rating of Moderate Buy and an average target price of $20.67.

Capital Product Partners Stock Performance

Shares of CPLP opened at $16.90 on Friday. The company has a market cap of $348.14 million, a price-to-earnings ratio of 7.79 and a beta of 0.86. The firm has a fifty day moving average of $17.54 and a 200-day moving average of $15.78. Capital Product Partners has a 1 year low of $12.02 and a 1 year high of $18.85. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.96 and a current ratio of 0.99.

Capital Product Partners (NASDAQ:CPLP) last posted its quarterly earnings data on Friday, February 2nd. The shipping company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.04). Capital Product Partners had a return on equity of 7.78% and a net margin of 13.09%. The company had revenue of $92.50 million during the quarter, compared to analyst estimates of $93.32 million. During the same period in the previous year, the company earned $1.03 EPS. As a group, equities analysts anticipate that Capital Product Partners will post 1.79 earnings per share for the current year.

Capital Product Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.60 annualized dividend and a yield of 3.55%. Capital Product Partners’s payout ratio is presently 27.65%.

Institutional Trading of Capital Product Partners

Several institutional investors and hedge funds have recently bought and sold shares of CPLP. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Capital Product Partners by 11.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 209,580 shares of the shipping company’s stock valued at $2,936,000 after buying an additional 20,746 shares in the last quarter. Geode Capital Management LLC bought a new stake in shares of Capital Product Partners in the 2nd quarter valued at approximately $142,000. BNP Paribas Arbitrage SNC grew its stake in shares of Capital Product Partners by 24.2% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 24,581 shares of the shipping company’s stock valued at $337,000 after buying an additional 4,788 shares in the last quarter. Aristotle Capital Boston LLC grew its stake in shares of Capital Product Partners by 3.4% in the 1st quarter. Aristotle Capital Boston LLC now owns 472,009 shares of the shipping company’s stock valued at $6,334,000 after buying an additional 15,315 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Capital Product Partners by 2.6% in the 1st quarter. Sei Investments Co. now owns 70,019 shares of the shipping company’s stock valued at $938,000 after buying an additional 1,785 shares in the last quarter.

Capital Product Partners Company Profile

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and dry bulk cargo under short-term voyage charters, and medium to long-term time charters.