Capstone Turbine Corporation (CPST) Raised to “Outperform” at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. upgraded shares of Capstone Turbine Corporation (NASDAQ:CPST) from a market perform rating to an outperform rating in a report released on Wednesday morning, Marketbeat.com reports. Oppenheimer Holdings also issued estimates for Capstone Turbine Corporation’s Q2 2018 earnings at ($0.09) EPS, Q3 2018 earnings at ($0.06) EPS, Q4 2018 earnings at ($0.03) EPS, FY2018 earnings at ($0.28) EPS and FY2019 earnings at ($0.06) EPS.
A number of other equities analysts have also recently issued reports on the company. Roth Capital upgraded Capstone Turbine Corporation from a neutral rating to a buy rating and boosted their price objective for the company from $0.65 to $2.00 in a report on Monday, September 18th. HC Wainwright set a $2.00 price objective on Capstone Turbine Corporation and gave the company a buy rating in a report on Thursday, August 10th. Finally, Zacks Investment Research upgraded Capstone Turbine Corporation from a hold rating to a buy rating and set a $0.75 price objective for the company in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Capstone Turbine Corporation has a consensus rating of Buy and an average target price of $1.58.
Shares of Capstone Turbine Corporation (NASDAQ CPST) opened at 0.98 on Wednesday. The stock’s market cap is $41.76 million. Capstone Turbine Corporation has a 1-year low of $0.58 and a 1-year high of $1.43. The stock’s 50 day moving average price is $0.66 and its 200-day moving average price is $0.69.
Capstone Turbine Corporation (NASDAQ:CPST) last announced its earnings results on Wednesday, August 9th. The industrial products company reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $19.20 million during the quarter, compared to analysts’ expectations of $19.20 million. Capstone Turbine Corporation had a negative return on equity of 116.84% and a negative net margin of 30.38%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.17) EPS. On average, equities research analysts forecast that Capstone Turbine Corporation will post ($0.24) earnings per share for the current year.
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A hedge fund recently raised its stake in Capstone Turbine Corporation stock. Renaissance Technologies LLC grew its position in Capstone Turbine Corporation (NASDAQ:CPST) by 9.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 825,509 shares of the industrial products company’s stock after buying an additional 68,400 shares during the quarter. Renaissance Technologies LLC owned 2.31% of Capstone Turbine Corporation worth $632,000 at the end of the most recent reporting period. 13.45% of the stock is owned by institutional investors and hedge funds.
Capstone Turbine Corporation Company Profile
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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