In a report issued on August 1, Liam Burke from B.Riley FBR maintained a Buy rating on Capital Product (CPLP), with a price target of $14. The company’s shares closed on Friday at $11.14, close to its 52-week low of $9.68.
According to TipRanks.com, Burke is ranked #4496 out of 5237 analysts.
Currently, the analyst consensus on Capital Product is a Moderate Buy with an average price target of $14.
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Based on Capital Product’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $7.68 million. In comparison, last year the company had a net profit of $3.99 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.
