Estimates Raised for Capital Product Partners (CPLP, DB)

Capital Product Partners CPLP has announced its Q2 EPS at $0.16, which is $0.02 below consensus estimates. The company has also acquired two vessels this year. Capital Product Partners announced an increase in its targeted distribution to $0.93 per share, up from $0.90 apiece. Capital Product Partners (CPLP) management has announced that it is expected to re-charter its vessels on short term employment. In a research report, Deutsche Bank DB has raised its 2010 and 2011estimates from $0.61 and $0.32 to $0.64 and $0.37. The company stock has been valued at $8, which is 9.5x EV/EBITDA multiple. The firm has retained its Hold rating on CPLP.