Wells Fargo analyst Michael Webber maintained a Hold rating on Capital Product (CPLP) yesterday. The company’s shares closed yesterday at $10.14, close to its 52-week low of $10.11.
According to TipRanks.com, Webber is a 2-star analyst with an average return of 0.8% and a 45.5% success rate. Webber covers the Services sector, focusing on stocks such as Triton International Limited, DHT Holdings, and Seaspan.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Capital Product with a $14 average price target.
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Based on Capital Product’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $13.04 million. In comparison, last year the company had a net profit of $5.21 million.
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Capital Product Partners LP operates as an international shipping company. It engages in the seaborne transportation of cargo, including crude oil, refined oil products and chemicals. The company fleet consists of vessels, suezmax crude oil tankers, medium range tankers, and capesize bulk carrier.
