Alert: Negative Investment/Fundamental Signals (4/26/24)-Capital Product Partners LP (NASDAQ: CPLP)

out_logo_500#40764.jpg

Capital Product Partners LP (NASDAQ: CPLP) has recently experienced significant negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.

Recent meaningful negative changes in investment behavior have impacted Capital Product Partners LP (NASDAQ: CPLP): negative upside/downside volume developed.

In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.

out_mm#40764.jpg

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be in line with the cost of capital, CPLP is expected to be Value Creation neutral.

Capital Product Partners has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Capital Product Partners has a good Power Rating of 84 and a very high Appreciation Score of 86, leading to the Highest Value Trend Rating.

Recent Price Action

Capital Product Partners LP (NASDAQ: CPLP) stock closed at $16.65 on 4/26/24 after a large increase of 2.8%. However, trading volume in this advance was exceptionally low at 39% of normal. The stock has declined -1.7% during the last week but has been exceptionally strong relative to the market over the last nine months.

Be the first to comment

Leave a Reply

Your email address will not be published.


*