Capital Product Partners L.P. Sets New 1-Year High at $11.50 (CPLP)
Capital Product Partners L.P. (NASDAQ:CPLP)’s share price hit a new 52-week high during mid-day trading on Friday , Analyst Ratings Net reports. The company traded as high as $11.50 and last traded at $11.47, with a volume of 641,552 shares. The stock had previously closed at $11.19.
A number of analysts have recently weighed in on CPLP shares. Analysts at Deutsche Bank raised their price target on shares of Capital Product Partners L.P. from $11.00 to $13.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Analysts at Evercore Partners raised their price target on shares of Capital Product Partners L.P. from $11.50 to $12.00 in a research note on Friday, April 11th. They now have an “overweight” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $12.33.
The stock’s 50-day moving average is $10.80 and its 200-day moving average is $10.54. The company has a market cap of $1.019 billion and a P/E ratio of 13.65.
Capital Product Partners L.P. (NASDAQ:CPLP) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.01. Analysts expect that Capital Product Partners L.P. will post $0.39 EPS for the current fiscal year.
Capital Product Partners L.P. (NASDAQ:CPLP) is an international tanker company.
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