Stock analysts at StockNews.com initiated coverage on shares of Capital Product Partners (NASDAQ:CPLP – Get Free Report) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the shipping company’s stock.
Capital Product Partners Stock Performance
CPLP opened at $16.77 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.41 and a debt-to-equity ratio of 1.48. The firm has a market cap of $928.86 million, a PE ratio of 7.32 and a beta of 0.87. The business has a fifty day simple moving average of $16.57 and a 200-day simple moving average of $16.98. Capital Product Partners has a fifty-two week low of $12.70 and a fifty-two week high of $18.85.
Capital Product Partners (NASDAQ:CPLP – Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The shipping company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.23. Capital Product Partners had a return on equity of 6.30% and a net margin of 18.51%. The firm had revenue of $97.67 million for the quarter, compared to analysts’ expectations of $90.22 million. During the same quarter last year, the business posted $0.36 EPS. As a group, equities analysts predict that Capital Product Partners will post 1.57 EPS for the current fiscal year.
Institutional Investors Weigh In On Capital Product Partners
Capital Product Partners Company Profile
Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and dry bulk cargo under short-term voyage charters, and medium to long-term time charters.
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