Capstone Turbine Co. (NASDAQ:CPST) has been given an average recommendation of “Buy” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $2.38.
CPST has been the topic of several recent analyst reports. ValuEngine raised shares of Capstone Turbine from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. HC Wainwright set a $2.00 target price on shares of Capstone Turbine and gave the stock a “buy” rating in a research note on Friday, October 5th. Finally, Zacks Investment Research raised shares of Capstone Turbine from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 9th.
Shares of CPST stock traded down $0.03 during mid-day trading on Monday, hitting $0.67. 6,171 shares of the stock were exchanged, compared to its average volume of 379,460. Capstone Turbine has a 52-week low of $0.69 and a 52-week high of $1.90. The firm has a market cap of $47.89 million, a P/E ratio of -3.40 and a beta of -0.13.
Capstone Turbine (NASDAQ:CPST) last posted its earnings results on Tuesday, November 6th. The industrial products company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02). Capstone Turbine had a negative return on equity of 46.55% and a negative net margin of 13.21%. The firm had revenue of $22.17 million for the quarter, compared to analysts’ expectations of $21.80 million. On average, research analysts expect that Capstone Turbine will post -0.24 EPS for the current year.
A number of institutional investors have recently modified their holdings of the stock. Bridgeway Capital Management Inc. lifted its stake in Capstone Turbine by 9.3% in the 3rd quarter. Bridgeway Capital Management Inc. now owns 750,159 shares of the industrial products company’s stock valued at $750,000 after buying an additional 63,800 shares in the last quarter. HPM Partners LLC purchased a new position in Capstone Turbine in the 2nd quarter valued at about $100,000. Perkins Capital Management Inc. lifted its stake in Capstone Turbine by 6.9% in the 2nd quarter. Perkins Capital Management Inc. now owns 1,152,143 shares of the industrial products company’s stock valued at $1,648,000 after buying an additional 74,000 shares in the last quarter. Jane Street Group LLC purchased a new position in Capstone Turbine in the 3rd quarter valued at about $109,000. Finally, Ancora Advisors LLC lifted its stake in Capstone Turbine by 150.0% in the 3rd quarter. Ancora Advisors LLC now owns 200,000 shares of the industrial products company’s stock valued at $200,000 after buying an additional 120,000 shares in the last quarter. 13.07% of the stock is currently owned by hedge funds and other institutional investors.
Capstone Turbine Company Profile
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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