HC Wainwright Reiterates $2.00 Price Target for Capstone Turbine Corporation (CPST)
HC Wainwright set a $2.00 target price on Capstone Turbine Corporation (NASDAQ:CPST) in a research note released on Wednesday morning. The brokerage currently has a buy rating on the industrial products company’s stock.
Several other analysts also recently commented on the stock. CIBC upgraded shares of Capstone Turbine Corporation from a market perform rating to an outperform rating in a research report on Wednesday, October 4th. Oppenheimer Holdings, Inc. upgraded shares of Capstone Turbine Corporation from a market perform rating to an outperform rating in a research report on Wednesday, October 4th. Roth Capital upgraded shares of Capstone Turbine Corporation from a neutral rating to a buy rating and raised their price objective for the company from $0.65 to $2.00 in a research report on Monday, September 18th. Finally, Zacks Investment Research downgraded shares of Capstone Turbine Corporation from a buy rating to a hold rating in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Capstone Turbine Corporation currently has a consensus rating of Buy and a consensus price target of $1.58.
Capstone Turbine Corporation (NASDAQ CPST) traded down 7.76% on Wednesday, hitting $1.07. 3,311,776 shares of the stock traded hands. Capstone Turbine Corporation has a 52-week low of $0.58 and a 52-week high of $1.38. The stock’s market cap is $45.60 million. The company’s 50 day moving average price is $0.71 and its 200-day moving average price is $0.70.
Capstone Turbine Corporation (NASDAQ:CPST) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $19.20 million for the quarter, compared to the consensus estimate of $19.20 million. Capstone Turbine Corporation had a negative net margin of 30.38% and a negative return on equity of 116.84%. The company’s revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned ($0.17) EPS. On average, analysts forecast that Capstone Turbine Corporation will post ($0.24) earnings per share for the current fiscal year.
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An institutional investor recently raised its position in Capstone Turbine Corporation stock. Wedbush Securities Inc. raised its stake in Capstone Turbine Corporation (NASDAQ:CPST) by 15.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 205,714 shares of the industrial products company’s stock after acquiring an additional 28,050 shares during the period. Wedbush Securities Inc. owned approximately 0.50% of Capstone Turbine Corporation worth $140,000 as of its most recent SEC filing. Institutional investors and hedge funds own 13.45% of the company’s stock.
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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