Capital Product Partners L.P. Stock Rating Lowered by Stifel Nicolaus (CPLP)
Capital Product Partners L.P. (NASDAQ:CPLP) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. They currently have a $12.00 price target on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 18.58% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of Capital Product Partners L.P. (NASDAQ:CPLP) traded down 3.34% during mid-day trading on Friday, hitting $10.12. 650,392 shares of the company’s stock traded hands. Capital Product Partners L.P. has a one year low of $7.55 and a one year high of $10.80. The stock has a 50-day moving average of $9.89 and a 200-day moving average of $9.29. The company has a market cap of $798.4 million and a price-to-earnings ratio of 17.16.
Capital Product Partners L.P. (NASDAQ:CPLP) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.29. The company had revenue of $42.70 million for the quarter, compared to the consensus estimate of $44.71 million. On average, analysts predict that Capital Product Partners L.P. will post $0.24 earnings per share for the current fiscal year.
Separately, analysts at Deutsche Bank upgraded shares of Capital Product Partners L.P. from a “hold” rating to a “buy” rating in a research note to investors on Thursday, December 5th. They now have a $11.00 price target on the stock, up previously from $8.00. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $10.83.
Capital Product Partners L.P. (NASDAQ:CPLP) is an international tanker company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.