News headlines about Capital Product Partners (NASDAQ:CPLP) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Capital Product Partners earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the shipping company an impact score of 46.0353013210844 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several equities analysts have weighed in on CPLP shares. Jefferies Group assumed coverage on Capital Product Partners in a research note on Monday, December 18th. They set a “buy” rating and a $5.00 target price on the stock. TheStreet cut Capital Product Partners from a “b-” rating to a “c” rating in a research note on Friday, February 2nd. BidaskClub raised Capital Product Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. ValuEngine cut Capital Product Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research raised Capital Product Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $4.50.
Shares of Capital Product Partners (NASDAQ:CPLP) traded up $0.03 during midday trading on Monday, hitting $3.22. The company had a trading volume of 258,600 shares, compared to its average volume of 483,077. The company has a market cap of $429.55, a PE ratio of 14.64 and a beta of 1.33. Capital Product Partners has a 1-year low of $2.98 and a 1-year high of $4.00. The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Saturday, February 3rd were issued a $0.08 dividend. The ex-dividend date was Thursday, February 1st. This represents a $0.32 annualized dividend and a yield of 9.94%. Capital Product Partners’s dividend payout ratio (DPR) is currently 145.45%.
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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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