Capital Product Partners L.P. (NASDAQ:CPLP) broke out on 30 December 2020 at 7.78 and confirmed on 23 April at 12.31. Thus, garnering an LTN Cash Pile Buy rating with a 1 yr price target of 18.08/share
The consensus target is 11.88, and the final trade for Friday was 12.31 with in its 52 wk trading range of 5.48 – 12.83. The company pays a 5.28% dividend.
Key support is at 10.53 and the overhead resistance is Nil, as all of our technical indicators have turned Very Bullish long-term.
Capital Product Partners LP is a Greek shipping company, it provides marine transportation services.
Its vessels transports a range of dry cargoes and containerized goods under short-term voyage charters, and medium to long-term time and bareboat charters.
As of 5 March 2020, the company owned 14 vessels, including 13 Neo-Panamax container vessels and 1 capesize bulk carrier.
Capital GP L.L.C. serves as the general partner of the company. The company was founded in Y 2007 and is HQ’d in Piraeus, Greece.
Have a healthy week, Keep the Faith!