For its third fiscal quarter (ending September 30), Capital Product Partners LP (NASDAQ: CPLP) has reported E.P.S. of $0.18 compared to $-0.19 a year ago. This performance was $-0.21 short of the consensus estimate of $0.39. For the latest four quarters through September 30, E.P.S. were $1.08 versus $-0.15 for the same period a year ago.
Recent Price Action
Capital Product Partners LP (NASDAQ: CPLP) stock closed at $11.57 on 10/31/19 after a decline of -1.7%. Moreover, trading volume in this decline was above average at 145% of normal. The stock has declined -2.7% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CPLP’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
CPLP has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. CPLP has a very high Appreciation Score of 91 but a slightly negative Power Rating of 31, producing the Positive Value Trend Rating.
In light of this new information and negative market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.