B. Riley Analysts Give Capital Product Partners (CPLP) a $14.00 Price Target

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B. Riley set a $14.00 target price on Capital Product Partners (NASDAQ:CPLP) in a report released on Tuesday, TipRanks reports. The firm currently has a buy rating on the shipping company’s stock. B. Riley also issued estimates for Capital Product Partners’ Q2 2019 earnings at $0.46 EPS, Q3 2019 earnings at $0.44 EPS, Q4 2019 earnings at $0.50 EPS, FY2019 earnings at $1.34 EPS and FY2020 earnings at $2.06 EPS.

Several other research firms have also weighed in on CPLP. Zacks Investment Research raised Capital Product Partners from a hold rating to a buy rating and set a $17.50 target price on the stock in a report on Monday, February 4th. ValuEngine lowered Capital Product Partners from a sell rating to a strong sell rating in a report on Wednesday, May 1st. Finally, BidaskClub lowered Capital Product Partners from a sell rating to a strong sell rating in a report on Tuesday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Capital Product Partners has a consensus rating of Hold and a consensus target price of $17.88.

Capital Product Partners stock traded down $0.02 during trading hours on Tuesday, hitting $10.42. The stock had a trading volume of 13,382 shares, compared to its average volume of 160,631. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.49 and a current ratio of 1.20. The firm has a market capitalization of $193.45 million, a price-to-earnings ratio of 10.63 and a beta of 1.04. Capital Product Partners has a 1-year low of $10.11 and a 1-year high of $22.57.

Capital Product Partners (NASDAQ:CPLP) last posted its earnings results on Monday, May 13th. The shipping company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.41). The firm had revenue of $26.28 million during the quarter, compared to analyst estimates of $57.93 million. Capital Product Partners had a negative net margin of 59.95% and a positive return on equity of 4.19%. As a group, sell-side analysts forecast that Capital Product Partners will post 1.51 EPS for the current fiscal year.

The company also recently announced a special dividend, which was paid on Wednesday, May 15th. Shareholders of record on Monday, May 13th were issued a $0.315 dividend. The ex-dividend date of this dividend was Friday, May 10th. Capital Product Partners’s dividend payout ratio (DPR) is 128.57%.

A number of institutional investors have recently bought and sold shares of CPLP. JPMorgan Chase & Co. boosted its stake in shares of Capital Product Partners by 19.9% during the third quarter. JPMorgan Chase & Co. now owns 1,382,108 shares of the shipping company’s stock valued at $3,843,000 after acquiring an additional 229,516 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Capital Product Partners during the fourth quarter valued at $90,000. Concorde Asset Management LLC acquired a new stake in shares of Capital Product Partners during the fourth quarter valued at $75,000. Arrow Investment Advisors LLC boosted its stake in shares of Capital Product Partners by 11.7% during the fourth quarter. Arrow Investment Advisors LLC now owns 176,400 shares of the shipping company’s stock valued at $369,000 after acquiring an additional 18,433 shares during the last quarter. Finally, Goodman Financial Corp boosted its stake in shares of Capital Product Partners by 1.7% during the fourth quarter. Goodman Financial Corp now owns 963,964 shares of the shipping company’s stock valued at $2,015,000 after acquiring an additional 16,522 shares during the last quarter.

Capital Product Partners Company Profile

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. It transports a range of cargoes, including crude oil; refined oil products, such as gasoline, diesel, fuel oil and jet fuel; edible oils; chemicals, such as ethanol; and dry cargo and containerized goods under short-term voyage charters, and medium to long-term time and bareboat charters.

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