HC Wainwright set a $2.00 price target on Capstone Turbine (NASDAQ:CPST) in a report issued on Friday. The firm currently has a buy rating on the industrial products company’s stock.
A number of other research analysts have also issued reports on the company. Zacks Investment Research upgraded Capstone Turbine from a hold rating to a buy rating and set a $1.00 price target for the company in a research report on Tuesday, February 20th. Oppenheimer set a $2.00 price target on Capstone Turbine and gave the stock a buy rating in a research report on Monday, February 5th. Finally, ValuEngine upgraded Capstone Turbine from a sell rating to a hold rating in a research report on Monday, April 2nd. 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 stock presently has a consensus rating of Buy and an average target price of $1.75.
Shares of CPST stock opened at $1.75 on Friday. Capstone Turbine has a 1 year low of $0.58 and a 1 year high of $1.85.
Capstone Turbine (NASDAQ:CPST) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.05. Capstone Turbine had a negative return on equity of 66.93% and a negative net margin of 15.01%. The company had revenue of $22.80 million during the quarter, compared to analyst estimates of $22.70 million. During the same quarter in the previous year, the firm posted ($0.28) EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. equities research analysts predict that Capstone Turbine will post -0.22 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Sabby Management LLC acquired a new stake in shares of Capstone Turbine in the fourth quarter valued at $758,000. Macquarie Group Ltd. acquired a new stake in shares of Capstone Turbine in the fourth quarter valued at $111,000. Geode Capital Management LLC lifted its holdings in shares of Capstone Turbine by 63.3% in the fourth quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock valued at $134,000 after buying an additional 67,509 shares during the period. Wedbush Securities Inc. lifted its holdings in shares of Capstone Turbine by 52.1% in the fourth quarter. Wedbush Securities Inc. now owns 323,918 shares of the industrial products company’s stock valued at $249,000 after buying an additional 111,001 shares during the period. Finally, Perkins Capital Management Inc. acquired a new stake in shares of Capstone Turbine in the fourth quarter valued at $744,000. Institutional investors and hedge funds own 11.30% of the company’s stock.
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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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