Brokerage Firm Rating Update on Capital Product Partners L.P. (CPLP)

Capital Product Partners L.P. (CPLP) has an average broker rating of 2, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Capital Product Partners L.P. (CPLP) : The consensus price target for Capital Product Partners L.P. (CPLP) is $4.5 for the short term with a standard deviation of $1.05. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $6, however, the pessimist price target for the company is $3.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Deutsche Bank maintains the rating on Capital Product Partners L.P. (NASDAQ:CPLP). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $2.5 per share to $4 per share. The rating by the firm was issued on August 1, 2016.

Capital Product Partners L.P. (NASDAQ:CPLP): stock was range-bound between the intraday low of $3.59 and the intraday high of $3.6693 after having opened at $3.65 on Wednesdays session. The stock finally closed in the red at $3.65, a loss of -0.82%. The stock remained in the red for the whole trading day. The total traded volume was 495,080 shares. The stock failed to cross $3.6693 in Wednesdays trading. The stocks closing price on Thursday was $3.65.

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.

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