Shares of Capstone Turbine Co. (NASDAQ:CPST) have earned a consensus rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $2.15.
CPST has been the topic of several recent analyst reports. 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. ValuEngine upgraded shares of Capstone Turbine from a “sell” rating to a “hold” rating in a report on Friday, June 1st. Zacks Investment Research upgraded shares of Capstone Turbine from a “sell” rating to a “hold” rating in a report on Monday, April 23rd. Finally, Lake Street Capital initiated coverage on shares of Capstone Turbine in a report on Friday, June 15th. They issued a “buy” rating and a $3.00 price target on the stock.
In other Capstone Turbine news, Director Robert C. Flexon purchased 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The shares were purchased at an average price of $1.53 per share, for a total transaction of $45,900.00. Following the completion of the acquisition, the director now owns 41,875 shares of the company’s stock, valued at approximately $64,068.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 44,655 shares of company stock worth $68,243 in the last 90 days. 1.83% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of CPST. Geode Capital Management LLC grew its position in 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 acquiring an additional 67,509 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Capstone Turbine in the fourth quarter valued at approximately $111,000. Sabby Management LLC acquired a new stake in Capstone Turbine in the fourth quarter valued at approximately $758,000. Finally, Northern Trust Corp grew its position in Capstone Turbine by 116.5% in the first quarter. Northern Trust Corp now owns 154,257 shares of the industrial products company’s stock valued at $177,000 after acquiring an additional 83,002 shares in the last quarter. 11.43% of the stock is owned by institutional investors.
Shares of Capstone Turbine traded up $0.04, hitting $1.52, during trading hours on Friday, MarketBeat.com reports. 252,230 shares of the company were exchanged, compared to its average volume of 981,269. The firm has a market cap of $94.63 million, a P/E ratio of -7.55 and a beta of 0.21. Capstone Turbine has a 1 year low of $0.58 and a 1 year 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.
Capstone Turbine (NASDAQ:CPST) last announced its quarterly earnings data on Thursday, June 7th. The industrial products company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The business had revenue of $21.06 million for the quarter, compared to analyst estimates of $21.10 million. Capstone Turbine had a negative net margin of 12.10% and a negative return on equity of 46.90%. analysts expect that Capstone Turbine will post -0.02 earnings per share for the current fiscal year.
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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