Capital Product Partners L.P. (CPLP) : 8 analysts are covering Capital Product Partners L.P. (CPLP) and their average rating on the stock is 2, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Capital Product Partners L.P. (CPLP) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $6 and the lowest price target forecast is $3. The average forecast of all the analysts is $4.5 and the expected standard deviation is $1.05.
Also, In a research note released to the investors, Deutsche Bank maintains its rating on Capital Product Partners L.P. (NASDAQ:CPLP).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Deutsche Bank raises the new 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): The stock was completely flat for the day, closing at $3.28 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $3.26, the stock touched an intraday high of $3.32 and a low of $3.25. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $3.28. The total trading volume on Thursday was 652,761.
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.