Capital Clean Energy Carriers (NASDAQ:CCEC) Given New $23.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies raised its price target on Capital Clean Energy Carriers to $23 (from $20) while maintaining a "hold" rating, implying about a 11.13% upside from the current price.
• Analyst coverage is mixed—two Buys, two Holds and one Sell—resulting in a consensus Hold rating with an average price target of $24.75.
• CCEC traded near $20.70 with a market cap of $1.21 billion and a trailing PE of 7.2, and the stock's 52‑week range is $16.77–$24.83.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) had its target price raised by stock analysts at Jefferies Financial Group from $20.00 to $23.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "hold" rating on the stock. Jefferies Financial Group's target price would indicate a potential upside of 11.13% from the company's current price.

CCEC has been the topic of a number of other reports. Weiss Ratings restated a "hold (c)" rating on shares of Capital Clean Energy Carriers in a research report on Wednesday, April 22nd. Zacks Research cut shares of Capital Clean Energy Carriers from a "hold" rating to a "strong sell" rating in a report on Thursday, March 26th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $24.75.

Capital Clean Energy Carriers Stock Performance

Shares of CCEC traded up $0.44 during mid-day trading on Monday, reaching $20.70. 1,939 shares of the company's stock were exchanged, compared to its average volume of 7,136. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.38 and a quick ratio of 1.36. The stock has a market capitalization of $1.21 billion, a PE ratio of 7.20 and a beta of 0.59. The business's fifty day simple moving average is $20.64 and its 200-day simple moving average is $20.91. Capital Clean Energy Carriers has a 52-week low of $16.77 and a 52-week high of $24.83.

Institutional Investors Weigh In On Capital Clean Energy Carriers

Several institutional investors have recently made changes to their positions in CCEC. Raymond James Financial Inc. purchased a new stake in shares of Capital Clean Energy Carriers during the 2nd quarter worth $127,000. MGO One Seven LLC boosted its position in shares of Capital Clean Energy Carriers by 11.8% during the 3rd quarter. MGO One Seven LLC now owns 10,318 shares of the company's stock worth $232,000 after purchasing an additional 1,087 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Capital Clean Energy Carriers during the 3rd quarter worth $382,000. Geode Capital Management LLC boosted its position in shares of Capital Clean Energy Carriers by 10.1% during the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company's stock worth $414,000 after purchasing an additional 1,621 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Capital Clean Energy Carriers by 2.5% during the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company's stock worth $547,000 after purchasing an additional 651 shares in the last quarter.

About Capital Clean Energy Carriers

Capital Clean Energy Carriers Corp., 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 cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals.

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