ValuEngine cut shares of Capstone Turbine (NASDAQ:CPST) from a hold rating to a sell rating in a research report sent to investors on Monday morning.
A number of other analysts also recently commented on CPST. HC Wainwright set a $2.00 price objective on shares of Capstone Turbine and gave the stock a buy rating in a report 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 objective on the stock in a report on Tuesday, March 13th. Finally, Lake Street Capital assumed coverage on shares of Capstone Turbine in a report on Friday, June 15th. They set a buy rating and a $3.00 price objective on the stock. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Capstone Turbine has an average rating of Buy and an average target price of $2.15.
Shares of NASDAQ:CPST opened at $1.44 on Monday. The company has a current ratio of 1.68, a quick ratio of 1.19 and a debt-to-equity ratio of 0.01. Capstone Turbine has a fifty-two week low of $0.58 and a fifty-two week high of $1.90.
Capstone Turbine (NASDAQ:CPST) last issued its earnings results on Thursday, June 7th. The industrial products company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The business had revenue of $21.06 million for the quarter, compared to the consensus estimate of $21.10 million. Capstone Turbine had a negative net margin of 12.10% and a negative return on equity of 46.90%. research analysts predict that Capstone Turbine will post -0.02 earnings per share for the current fiscal year.
In related news, Director Robert C. Flexon acquired 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The shares were purchased at an average price of $1.53 per share, with a total value of $45,900.00. Following the completion of the acquisition, the director now owns 41,875 shares in the company, valued at $64,068.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have purchased 44,655 shares of company stock worth $68,243. 1.83% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in CPST. Geode Capital Management LLC boosted its holdings in Capstone Turbine by 63.3% during the fourth quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock worth $134,000 after buying an additional 67,509 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in Capstone Turbine during the fourth quarter worth about $111,000. Sabby Management LLC purchased a new stake in Capstone Turbine during the fourth quarter worth about $758,000. Finally, Northern Trust Corp boosted its holdings in Capstone Turbine by 116.5% during the first quarter. Northern Trust Corp now owns 154,257 shares of the industrial products company’s stock worth $177,000 after buying an additional 83,002 shares in the last quarter. 11.43% 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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