Analyst Price Target Update on Capital Product Partners L.P. (NASDAQ:CPLP)

Capital Product Partners L.P. (NASDAQ:CPLP) should head towards $5.75 per share according to 6 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $3 per share. The higher price estimate target is at $10 according to the Analysts.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Standpoint Research maintains its outlook on Capital Product Partners L.P. (NASDAQ:CPLP). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm lowers the price target from $11 per share to $10 per share. The rating by the firm was issued on March 18, 2016. For the current week, the company shares have a recommendation consensus of Buy.

Capital Product Partners L.P. (NASDAQ:CPLP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.05 points or 1.64% at $2.99 with 1,075,528 shares getting traded. Post opening the session at $3.04, the shares hit an intraday low of $2.93 and an intraday high of $3.07 and the price was in this range throughout the day. The company has a market cap of $367 million and the number of outstanding shares have been calculated to be 122,849,445 shares. The 52-week high of Capital Product Partners L.P. (NASDAQ:CPLP) is $8.79 and the 52-week low is $2.41.

Capital Product Partners L.P. is an international owner of tanker, container and drybulk vessels. As of December 31, 2014, the Companys 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.