Shares of Capstone Turbine Corporation (NASDAQ:CPST) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $2.00.
Several research firms have recently weighed in on CPST. Zacks Investment Research raised shares of Capstone Turbine Corporation from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a research note on Tuesday, July 4th. Roth Capital set a $2.00 price target on shares of Capstone Turbine Corporation and gave the company a “buy” rating in a research note on Friday. HC Wainwright set a $2.00 price target on shares of Capstone Turbine Corporation and gave the company a “buy” rating in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. raised shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 4th. Finally, CIBC raised shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 4th.
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Capstone Turbine Corporation (CPST) opened at 1.03 on Friday. The stock has a 50 day moving average price of $0.84 and a 200 day moving average price of $0.72. The company’s market cap is $43.89 million. Capstone Turbine Corporation has a 12 month low of $0.58 and a 12 month high of $1.35.
Capstone Turbine Corporation (NASDAQ:CPST) last posted its quarterly earnings results on Wednesday, August 9th. The industrial products company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. Capstone Turbine Corporation had a negative net margin of 30.38% and a negative return on equity of 116.84%. The firm had revenue of $19.20 million during the quarter, compared to the consensus estimate of $19.20 million. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. The company’s revenue was up .5% on a year-over-year basis. Analysts anticipate that Capstone Turbine Corporation will post ($0.24) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Capstone Turbine Corporation stock. Wedbush Securities Inc. increased its holdings in Capstone Turbine Corporation (NASDAQ:CPST) by 15.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 205,714 shares of the industrial products company’s stock after buying an additional 28,050 shares during the period. Wedbush Securities Inc. owned about 0.50% of Capstone Turbine Corporation worth $140,000 as of its most recent filing with the Securities & Exchange Commission. 13.45% of the stock is currently owned by institutional investors and hedge funds.
About Capstone Turbine Corporation
Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.
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