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

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.

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.

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.

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

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%.

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.

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

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.

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.

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).

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

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.

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

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.

The company employs 2,020 workers across the globe.

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.