Capstone Turbine Co. (CPST) Receives $1.94 Average Price Target from Brokerages

Shares of Capstone Turbine Co. (NASDAQ:CPST) have received an average recommendation of “Buy” from the six analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $1.94.

CPST has been the subject of several analyst reports. HC Wainwright set a $2.00 price target on shares of Capstone Turbine and gave the company a “buy” rating in a research note on Friday, April 13th. Zacks Investment Research raised shares of Capstone Turbine from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a research note on Tuesday, February 20th. Finally, ValuEngine raised shares of Capstone Turbine from a “sell” rating to a “hold” rating in a research note on Friday, June 1st.

In other news, Director Robert C. Flexon purchased 30,000 shares of the company’s stock in a transaction dated Tuesday, June 12th. The stock was acquired at an average price of $1.53 per share, with a total value of $45,900.00. Following the purchase, the director now directly owns 41,875 shares in the company, valued at approximately $64,068.75. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.83% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. acquired a new position in shares of Capstone Turbine in the 4th quarter worth approximately $111,000. Wedbush Securities Inc. lifted its holdings in shares of Capstone Turbine by 52.1% in the 4th quarter. Wedbush Securities Inc. now owns 323,918 shares of the industrial products company’s stock worth $249,000 after acquiring an additional 111,001 shares during the last quarter. Sabby Management LLC acquired a new position in shares of Capstone Turbine in the 4th quarter worth approximately $758,000. Geode Capital Management LLC lifted its holdings in shares of Capstone Turbine by 63.3% in the 4th quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 67,509 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Capstone Turbine by 116.5% in the 1st quarter. Northern Trust Corp now owns 154,257 shares of the industrial products company’s stock worth $177,000 after acquiring an additional 83,002 shares during the last quarter. Hedge funds and other institutional investors own 13.42% of the company’s stock.

Shares of Capstone Turbine traded up $0.03, hitting $1.50, during mid-day trading on Monday, MarketBeat.com reports. The stock had a trading volume of 6,094 shares, compared to its average volume of 1,075,562. Capstone Turbine has a 12-month low of $0.58 and a 12-month high of $1.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.19. The stock has a market cap of $98.44 million, a price-to-earnings ratio of -7.50 and a beta of 0.19.

Capstone Turbine (NASDAQ:CPST) last posted its quarterly earnings results on Thursday, June 7th. The industrial products company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Capstone Turbine had a negative net margin of 12.10% and a negative return on equity of 46.90%. The business had revenue of $21.06 million during the quarter, compared to analysts’ expectations of $21.10 million. equities analysts expect that Capstone Turbine will post -0.02 earnings per share for the current fiscal year.

About Capstone Turbine

Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply.

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