Deutsche Bank Maintains Capital Product Partners L.P. to Hold with Price Target $4.00

Brokerage firm Deutsche Bank Maintains its rating on Capital Product Partners L.P.(NASDAQ:CPLP). In a research note issued to the investors, the brokerage major Raises the price-target to $4.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 1, 2016.

Capital Product Partners L.P. (CPLP) made into the market gainers list on Mondays trading session with the shares advancing 0.58% or 0.02 points. Due to strong positive momentum, the stock ended at $3.48, which is also near the day’s high of $3.5399. The stock began the session at $3.46 and the volume stood at 6,01,590 shares. The 52-week high of the shares is $7.65 and the 52 week low is $2.41. The company has a current market capitalization of $428 M and it has 12,28,49,445 shares in outstanding.

Capital Product Partners L.P.(CPLP) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $60.90M. Analysts had an estimated revenue of $60.41M. Earnings per share were $0.10. Analysts had estimated an EPS of $0.11.

Capital Product Partners L.P. is an international owner of tanker container and drybulk vessels. As of December 31 2014 the Company’s fleet consisted of 30 vessels with 2.1 million deadweight tonnage (dwt) capacity including four Suezmax crude oil tankers 18 medium range (MR) tankers all of which are classed as International Maritime Organization (IMO) II/III vessels seven post-panamax container carrier vessels and one Capesize bulk carrier. Its vessels are capable of carrying a range of cargoes including crude oil refined oil products such as gasoline diesel fuel oil and jet fuel edible oils and certain chemicals such as ethanol as well as dry cargo and containerized goods. The Company provides marine transportation services under medium to long-term time charters or bareboat charters with various counterparties such as Maersk Line BP Shipping Limited Overseas Shipholding Group Inc. Engen Petroleum Ltd. Repsol Trading S.A. and SUBTEC S.A. de C.V.

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