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NASDAQ:CPLP

Capital Product Partners (CPLP) Stock Forecast, Price & News

$14.01
+0.02 (+0.14%)
(As of 09/29/2023 ET)
Compare
Today's Range
$13.31
$14.24
50-Day Range
$13.75
$15.72
52-Week Range
$11.93
$16.10
Volume
13,291 shs
Average Volume
43,009 shs
Market Capitalization
$288.61 million
P/E Ratio
2.93
Dividend Yield
4.28%
Price Target
$20.00

Capital Product Partners MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
42.8% Upside
$20.00 Price Target
Short Interest
Healthy
0.48% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.28mentions of Capital Product Partners in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
75.38%
From $1.99 to $3.49 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.20 out of 5 stars

Transportation Sector

5th out of 116 stocks

Deep Sea Foreign Transportation Of Freight Industry

3rd out of 29 stocks


CPLP stock logo

About Capital Product Partners (NASDAQ:CPLP) Stock

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. It also 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. Capital GP L.L.C. serves as the general partner of the company. The company was incorporated in 2007 and is headquartered in Piraeus, Greece.

CPLP Price History

CPLP Stock News Headlines

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Capital Product Partners: Dividend Insights
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CPLP - Capital Product Partners L.P.
15 Cheap Growth Stocks to Buy
See More Headlines
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CPLP Company Calendar

Last Earnings
7/28/2023
Ex-Dividend for 8/8 Dividend
8/01/2023
Dividend Payable
8/08/2023
Today
9/29/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Current Symbol
NASDAQ:CPLP
Employees
2,020
Year Founded
2007

Price Target and Rating

Average Stock Price Forecast
$20.00
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+42.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$125.42 million
Pretax Margin
30.28%

Debt

Sales & Book Value

Annual Sales
$299.07 million
Cash Flow
$8.17 per share
Book Value
$30.99 per share

Miscellaneous

Free Float
N/A
Market Cap
$289.43 million
Optionable
Optionable
Beta
0.90

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Key Executives

  • Mr. Gerasimos G. Kalogiratos (Age 46)
    CEO of Capital GP LLC & Director
  • Mr. Nikolaos Kalapotharakos (Age 48)
    Chief Financial Officer of Capital GP LLC
  • Mr. Spyridon Leousis (Age 44)
    Chief Commercial Officer of Capital GP LLC
  • Ms. Eleni Tsoukala (Age 45)
    Independent Director & Sec.













CPLP Stock - Frequently Asked Questions

Should I buy or sell Capital Product Partners stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Capital Product Partners in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CPLP shares.
View CPLP analyst ratings
or view top-rated stocks.

What is Capital Product Partners' stock price forecast for 2023?

2 Wall Street analysts have issued 12-month target prices for Capital Product Partners' stock. Their CPLP share price forecasts range from $20.00 to $20.00. On average, they anticipate the company's share price to reach $20.00 in the next year. This suggests a possible upside of 42.3% from the stock's current price.
View analysts price targets for CPLP
or view top-rated stocks among Wall Street analysts.

How have CPLP shares performed in 2023?

Capital Product Partners' stock was trading at $13.65 at the beginning of 2023. Since then, CPLP shares have increased by 2.9% and is now trading at $14.05.
View the best growth stocks for 2023 here
.

When is Capital Product Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our CPLP earnings forecast
.

How were Capital Product Partners' earnings last quarter?

Capital Product Partners L.P. (NASDAQ:CPLP) announced its earnings results on Friday, July, 28th. The shipping company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.69 by $0.33. The shipping company had revenue of $84.60 million for the quarter, compared to analyst estimates of $79.46 million. Capital Product Partners had a trailing twelve-month return on equity of 8.28% and a net margin of 30.28%.

How often does Capital Product Partners pay dividends? What is the dividend yield for Capital Product Partners?

Capital Product Partners announced a quarterly dividend on Thursday, July 20th. Stockholders of record on Wednesday, August 2nd will be given a dividend of $0.15 per share on Tuesday, August 8th. This represents a $0.60 annualized dividend and a yield of 4.27%. The ex-dividend date is Tuesday, August 1st.
Read our dividend analysis for CPLP
.

What ETF holds Capital Product Partners' stock ?

Global X MSCI Greece ETF holds 204,979 shares of CPLP stock, representing 1.45% of its portfolio.

Is Capital Product Partners a good dividend stock?

Capital Product Partners (NASDAQ:CPLP) pays an annual dividend of $0.60 per share and currently has a dividend yield of 4.36%. CPLP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPLP will have a dividend payout ratio of 17.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPLP.

When did Capital Product Partners' stock split?

Capital Product Partners shares reverse split on the morning of Thursday, March 28th 2019. The 1-7 reverse split was announced on Wednesday, March 6th 2019. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, March 27th 2019. An investor that had 100 shares of stock prior to the reverse split would have 14 shares after the split.

What other stocks do shareholders of Capital Product Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Capital Product Partners investors own include Energy Transfer (ET), New Residential Investment (NRZ), Prospect Capital (PSEC), AT&T (T), DHT (DHT), Enterprise Products Partners (EPD), NGL Energy Partners (NGL), Golar LNG Partners (GMLP), AGNC Investment (AGNC) and Two Harbors Investment (TWO).

What is Capital Product Partners' stock symbol?

Capital Product Partners trades on the NASDAQ under the ticker symbol "CPLP."

How do I buy shares of Capital Product Partners?

Shares of CPLP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Capital Product Partners' stock price today?

One share of CPLP stock can currently be purchased for approximately $14.05.

How much money does Capital Product Partners make?

Capital Product Partners (NASDAQ:CPLP) has a market capitalization of $289.43 million and generates $299.07 million in revenue each year. The shipping company earns $125.42 million in net income (profit) each year or $4.78 on an earnings per share basis.

How many employees does Capital Product Partners have?

The company employs 2,020 workers across the globe.

How can I contact Capital Product Partners?

Capital Product Partners' mailing address is 3 IASSONOS STREET, PIRAEUS J3, 18537. The official website for the company is www.capitalpplp.com. The shipping company can be reached via phone at 302104584950, via email at cplp@capitallink.com, or via fax at 30 2104284285.

This page (NASDAQ:CPLP) was last updated on 9/29/2023 by MarketBeat.com Staff

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