Capstone Turbine Corp. (CPST) Receives Average Rating of “Hold” from Analysts
Shares of Capstone Turbine Corp. (NASDAQ:CPST) have received a consensus recommendation of “Hold” from the four brokerages that are presently covering the firm. Four equities research analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $1.25.
CPST has been the topic of several research reports. Roth Capital set a $1.00 price objective on Capstone Turbine Corp. and gave the stock a “hold” rating in a report on Thursday, October 27th. Zacks Investment Research downgraded Capstone Turbine Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 25th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sabby Management LLC bought a new position in shares of Capstone Turbine Corp. during the second quarter worth about $1,845,000. Vanguard Group Inc. increased its position in shares of Capstone Turbine Corp. by 34.8% in the second quarter. Vanguard Group Inc. now owns 774,360 shares of the company’s stock worth $1,068,000 after buying an additional 199,745 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Capstone Turbine Corp. by 5.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 374,348 shares of the company’s stock worth $513,000 after buying an additional 19,546 shares in the last quarter. Springhouse Capital Management LP bought a new position in shares of Capstone Turbine Corp. during the third quarter worth about $460,000. Finally, Ancora Advisors LLC bought a new position in shares of Capstone Turbine Corp. during the second quarter worth about $193,000. Institutional investors and hedge funds own 11.55% of the company’s stock.
Capstone Turbine Corp. (NASDAQ:CPST) opened at 0.91 on Tuesday. The company’s market capitalization is $27.92 million. Capstone Turbine Corp. has a one year low of $0.75 and a one year high of $2.70. The stock’s 50 day moving average price is $1.15 and its 200-day moving average price is $1.40.
Capstone Turbine Corp. (NASDAQ:CPST) last issued its quarterly earnings results on Wednesday, November 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.01. Capstone Turbine Corp. had a negative return on equity of 79.04% and a negative net margin of 29.19%. The business had revenue of $15 million for the quarter, compared to the consensus estimate of $15.90 million. During the same period in the prior year, the business posted ($0.02) earnings per share. Capstone Turbine Corp.’s revenue was down 16.2% on a year-over-year basis. Equities analysts forecast that Capstone Turbine Corp. will post ($0.58) EPS for the current year.
About Capstone Turbine Corp.
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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