Capital Product Partners - CPLP Stock Forecast, Price & News

2 Wall Street 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 research analysts is that investors should "buy" CPLP shares.
View CPLP analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued twelve-month target prices for Capital Product Partners' stock. Their CPLP share price forecasts range from $17.00 to $20.00. On average, they predict the company's stock price to reach $18.67 in the next year. This suggests a possible upside of 30.1% 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 $16.11 on January 1st, 2022. Since then, CPLP stock has decreased by 10.9% and is now trading at $14.35.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CPLP earnings forecast.

Capital Product Partners L.P. (NASDAQ:CPLP) released its earnings results on Thursday, November, 4th. The shipping company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.44 by $0.18. The shipping company had revenue of $40.09 million for the quarter, compared to analyst estimates of $36.25 million. Capital Product Partners had a trailing twelve-month return on equity of 15.13% and a net margin of 37.97%. During the same period in the prior year, the company posted $0.41 EPS.

Capital Product Partners announced a quarterly dividend on Tuesday, July 26th. Investors of record on Monday, August 8th will be given a dividend of $0.15 per share on Friday, August 12th. This represents a $0.60 annualized dividend and a yield of 4.18%. The ex-dividend date is Friday, August 5th.
Read our dividend analysis for CPLP.

Capital Product Partners (NASDAQ:CPLP) pays an annual dividend of $0.60 per share and currently has a dividend yield of 4.10%. 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 12.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPLP will have a dividend payout ratio of 11.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPLP.

Shares of Capital Product Partners 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."

Capital Product Partners' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (0.68%), BNP Paribas Arbitrage SA (0.45%), Walleye Capital LLC (0.21%), Group One Trading L.P. (0.00%), Walleye Trading LLC (0.08%) and Clear Harbor Asset Management LLC (0.07%).

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.
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One share of CPLP stock can currently be purchased for approximately $14.35.

Capital Product Partners (NASDAQ:CPLP) has a market capitalization of $283.27 million and generates $184.66 million in revenue each year. The shipping company earns $98.18 million in net income (profit) each year or $4.91 on an earnings per share basis.

The company employs 2,020 workers across the globe.

Capital Product Partners was founded in 2007.

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.