Brokerages Set Capstone Turbine Co. (CPST) PT at $1.75

Capstone Turbine Co. (NASDAQ:CPST) has been given an average recommendation of “Buy” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $1.75.

CPST has been the topic of several research reports. Zacks Investment Research upgraded 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, February 20th. HC Wainwright set a $2.00 price objective on shares of Capstone Turbine and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, Oppenheimer set a $2.00 price objective on shares of Capstone Turbine and gave the stock a “buy” rating in a report on Monday, February 5th.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPST. Macquarie Group Ltd. acquired a new position in Capstone Turbine during the fourth quarter worth $111,000. Geode Capital Management LLC raised 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 during the last quarter. Wedbush Securities Inc. raised its holdings in Capstone Turbine by 52.1% during the fourth quarter. Wedbush Securities Inc. now owns 323,918 shares of the industrial products company’s stock worth $249,000 after buying an additional 111,001 shares during the last quarter. Perkins Capital Management Inc. acquired a new position in Capstone Turbine during the fourth quarter worth $744,000. Finally, Sabby Management LLC acquired a new position in Capstone Turbine during the fourth quarter worth $758,000. Hedge funds and other institutional investors own 11.30% of the company’s stock.

NASDAQ CPST traded down $0.02 on Wednesday, hitting $1.15. 427,752 shares of the company were exchanged, compared to its average volume of 1,073,650. The firm has a market cap of $61.92, a PE ratio of -1.47 and a beta of 0.46. Capstone Turbine has a 12 month low of $0.58 and a 12 month high of $1.35.

Capstone Turbine (NASDAQ:CPST) last issued its earnings results on Monday, February 5th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. The business had revenue of $22.80 million for the quarter, compared to analyst estimates of $22.70 million. Capstone Turbine had a negative net margin of 15.01% and a negative return on equity of 66.93%. Capstone Turbine’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.28) earnings per share. equities analysts anticipate that Capstone Turbine will post -0.22 EPS for the current year.

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About Capstone Turbine

Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.

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