Capital Product Partners (CPLP) Now Covered by Jefferies Group

Research analysts at Jefferies Group assumed coverage on shares of Capital Product Partners (NASDAQ:CPLP) in a report issued on Monday. The brokerage set a “buy” rating and a $5.00 price target on the shipping company’s stock. Jefferies Group’s target price indicates a potential upside of 47.93% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Capital Product Partners from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. ValuEngine cut Capital Product Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub upgraded Capital Product Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $4.75.

Shares of Capital Product Partners (NASDAQ CPLP) opened at $3.38 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 0.46. Capital Product Partners has a 12 month low of $3.10 and a 12 month high of $4.00. The stock has a market capitalization of $424.89, a P/E ratio of 12.00 and a beta of 1.58.

Capital Product Partners (NASDAQ:CPLP) last released its quarterly earnings data on Friday, October 27th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. Capital Product Partners had a return on equity of 4.70% and a net margin of 17.17%. The business had revenue of $62.68 million for the quarter, compared to the consensus estimate of $59.71 million. sell-side analysts expect that Capital Product Partners will post 0.24 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of Capital Product Partners in the 2nd quarter worth approximately $111,000. Citadel Advisors LLC boosted its holdings in shares of Capital Product Partners by 60.6% in the 2nd quarter. Citadel Advisors LLC now owns 43,243 shares of the shipping company’s stock worth $147,000 after purchasing an additional 16,318 shares during the period. Marshall Wace North America L.P. purchased a new position in shares of Capital Product Partners in the 2nd quarter worth approximately $150,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Capital Product Partners by 0.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 66,107 shares of the shipping company’s stock worth $225,000 after purchasing an additional 523 shares during the period. Finally, Captrust Financial Advisors purchased a new position in shares of Capital Product Partners in the 2nd quarter worth approximately $237,000. Hedge funds and other institutional investors own 19.24% of the company’s stock.

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About Capital Product Partners

Capital Product Partners L.P. is an international owner of tanker, container and drybulk vessels. The Company’s fleet consisted of 36 high specification vessels with an average age of approximately 7.4 years, as of December 31, 2016. As of December 31, 2016, its fleet consisted of four Suezmax crude oil tankers, 21 medium range product tankers, 10 post-panamax container carrier vessels and one Capesize bulk carrier.

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