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 analysts have issued 12-month target prices for Capital Product Partners' shares. Their CPLP share price forecasts range from $17.00 to $20.00. On average, they expect the company's share price to reach $18.50 in the next twelve months. This suggests a possible upside of 28.7% 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 at the start of the year. Since then, CPLP shares have decreased by 10.8% and is now trading at $14.37.
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Capital Product Partners saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 119,800 shares, an increase of 40.1% from the October 31st total of 85,500 shares. Based on an average trading volume of 71,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.9% of the company's shares are short sold.
View Capital Product Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our CPLP earnings forecast.

Capital Product Partners L.P. (NASDAQ:CPLP) announced its earnings results on Thursday, November, 4th. The shipping company reported $0.62 EPS for the quarter, topping 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 14.41% and a net margin of 50.76%. During the same quarter in the previous year, the business posted $0.41 EPS.

Capital Product Partners declared a quarterly dividend on Thursday, October 20th. Investors of record on Wednesday, November 2nd will be given a dividend of $0.15 per share on Thursday, November 10th. This represents a $0.60 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Tuesday, November 1st.
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 4.11%. 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 8.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPLP will have a dividend payout ratio of 14.46% 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's stock reverse split on 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 closing bell 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 variety of institutional and retail investors. Top institutional shareholders include Donald Smith & CO. Inc. (7.75%), Two Sigma Advisers LP (0.61%), BNP Paribas Arbitrage SNC (0.39%), State Street Corp (0.32%), Simplex Trading LLC (0.00%) and Raymond James & Associates (0.18%).

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 $14.37.

Capital Product Partners (NASDAQ:CPLP) has a market capitalization of $283.71 million and generates $184.66 million in revenue each year. The shipping company earns $98.18 million in net income (profit) each year or $7.19 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.