Capstone Turbine Co. (NASDAQ:CPST) Given Consensus Recommendation of “Buy” by Brokerages

Capstone Turbine Co. (NASDAQ:CPST) has earned an average recommendation of “Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $1.50.

Several equities research analysts have weighed in on the company. Maxim Group set a $8.00 price objective on TrovaGene and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Zacks Investment Research cut First Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, June 14th.

Shares of CPST stock remained flat at $$0.74 during trading hours on Tuesday. The stock had a trading volume of 200,440 shares, compared to its average volume of 211,588. Capstone Turbine has a 1 year low of $0.55 and a 1 year high of $1.82. The company has a quick ratio of 1.77, a current ratio of 2.50 and a debt-to-equity ratio of 1.18. The stock has a 50 day simple moving average of $0.80. The stock has a market cap of $54.13 million, a PE ratio of -2.96 and a beta of 0.66.

Capstone Turbine (NASDAQ:CPST) last issued its earnings results on Tuesday, June 11th. The industrial products company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.02). Capstone Turbine had a negative return on equity of 67.42% and a negative net margin of 19.97%. The firm had revenue of $22.02 million during the quarter, compared to the consensus estimate of $20.97 million. As a group, equities research analysts anticipate that Capstone Turbine will post -0.1 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of CPST. GMT Capital Corp bought a new stake in Capstone Turbine during the first quarter worth approximately $247,000. Perkins Capital Management Inc. grew its stake in shares of Capstone Turbine by 4.9% during the first quarter. Perkins Capital Management Inc. now owns 1,374,900 shares of the industrial products company’s stock valued at $1,237,000 after buying an additional 63,757 shares during the last quarter. Virtu Financial LLC grew its stake in shares of Capstone Turbine by 77.5% during the first quarter. Virtu Financial LLC now owns 119,327 shares of the industrial products company’s stock valued at $107,000 after buying an additional 52,107 shares during the last quarter. BlackRock Inc. grew its stake in shares of Capstone Turbine by 6.5% during the fourth quarter. BlackRock Inc. now owns 520,703 shares of the industrial products company’s stock valued at $312,000 after buying an additional 31,682 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in shares of Capstone Turbine by 5.6% during the first quarter. Wedbush Securities Inc. now owns 485,365 shares of the industrial products company’s stock valued at $437,000 after buying an additional 25,529 shares during the last quarter. 11.16% of the stock is currently owned by institutional investors.

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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