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down 33.33 %

CAPITAL PRODUCT PART (CPLP) rated Buy with price target $15 by UBS

Posted on: Tuesday,  Feb 3, 2009  2:25 PM ET by UBS

UBS rated Buy CAPITAL PRODUCT PART (NASDAQ: CPLP) on 02/03/2009, when the stock price was $10.32. Since
then, CAPITAL PRODUCT PART has lost 33.33% as of 01/22/2016's recent price of $6.88.
If you would have followed this UBS's recommendation on CPLP, you would have lost 33.33% of your investment in 2544 days.

Capital Product Partners L.P. (CPP) is an international owner of product tankers. The Company is engaged in the seaborne transportation services of crude oil and refined petroleum products, edible oils and soft chemicals, by chartering its vessels under medium to long-term time and bareboat charters. The Company?s fleet consists of 18 double-hull tankers with an average age of approximately 3 years as of February 28, 2009. As of February 28, 2009, Capital Maritime & Trading Corp. (CMTC) owned a 46.6% interest in the Company. The Company?s 18 vessels trade on a worldwide basis and are capable of carrying crude oil, refined oil products, such as gasoline, diesel, fuel oil and jet fuel, as well as edible oils and certain chemicals, such as ethanol. CPP charters its vessels to charterers, such as BP Shipping Limited, Morgan Stanley Capital Group Inc., Trafigura Beheer B.V., Shell International Trading & Shipping Company Ltd. and subsidiaries of Overseas Shipholding Group Inc.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/3/2009 2:25 PM Buy
10.32 15.00
as of 12/31/2009
1 Week up  15.29 %
1 Month up  30.92 %
3 Months up  8.50 %
1 YTD down  -3.58 %

(*) Stock Price at the time of the recommendation.
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