Capital Clean Energy Carriers (NASDAQ:CCEC) Given New $23.00 Price Target at Jefferies Financial Group

Capital Clean Energy Carriers (NASDAQ:CCEC) had its price target hoisted by analysts at Jefferies Financial Group from $20.00 to $23.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 11.13% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Capital Clean Energy Carriers in a research report on Wednesday, April 22nd. Zacks Research lowered shares of Capital Clean Energy Carriers from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 26th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Capital Clean Energy Carriers has an average rating of “Hold” and an average price target of $24.75.

Capital Clean Energy Carriers Price Performance

Shares of NASDAQ CCEC traded up $0.44 during trading on Monday, hitting $20.70. 1,939 shares of the company were exchanged, compared to its average volume of 7,136. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 7.20 and a beta of 0.59. Capital Clean Energy Carriers has a 1 year low of $16.77 and a 1 year high of $24.83. The firm’s fifty day moving average price is $20.64 and its 200 day moving average price is $20.91. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.38 and a quick ratio of 1.36.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Capital Clean Energy Carriers by 9.2% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,204 shares of the company’s stock valued at $3,224,000 after purchasing an additional 12,097 shares in the last quarter. Millennium Management LLC lifted its holdings in Capital Clean Energy Carriers by 2.5% in the 4th quarter. Millennium Management LLC now owns 26,543 shares of the company’s stock valued at $547,000 after purchasing an additional 651 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Capital Clean Energy Carriers by 10.1% in the 2nd quarter. Geode Capital Management LLC now owns 17,702 shares of the company’s stock valued at $414,000 after purchasing an additional 1,621 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Capital Clean Energy Carriers in the 3rd quarter valued at about $382,000. Finally, Raymond James Financial Inc. purchased a new position in Capital Clean Energy Carriers in the 2nd quarter valued at about $127,000.

Capital Clean Energy Carriers Company Profile

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company’s vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers. In addition, the company produces and distributes oil and natural gas, including biofuels, motor oil, lubricants, petrol, crudes, liquefied natural gas, marine fuels, natural gas liquids, and petrochemicals.