Capstone Turbine Co. (NASDAQ:CPST) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Capstone Turbine Co. (NASDAQ:CPST) have earned an average recommendation of “Buy” from the five brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $1.50.

CPST has been the topic of several recent analyst reports. Maxim Group restated a “buy” rating and set a $2.00 price objective on shares of Capstone Turbine in a research note on Thursday, May 23rd. Zacks Investment Research upgraded Capstone Turbine from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a research note on Friday, June 14th.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in Capstone Turbine by 6.5% in the fourth quarter. BlackRock Inc. now owns 520,703 shares of the industrial products company’s stock valued at $312,000 after buying an additional 31,682 shares in the last quarter. Sargent Investment Group LLC bought a new position in Capstone Turbine in the fourth quarter valued at approximately $195,000. Virtu Financial LLC lifted its stake in Capstone Turbine by 77.5% in the first quarter. Virtu Financial LLC now owns 119,327 shares of the industrial products company’s stock valued at $107,000 after buying an additional 52,107 shares in the last quarter. Wedbush Securities Inc. lifted its stake in Capstone Turbine by 5.6% in the first quarter. Wedbush Securities Inc. now owns 485,365 shares of the industrial products company’s stock valued at $437,000 after buying an additional 25,529 shares in the last quarter. Finally, Perkins Capital Management Inc. lifted its stake in Capstone Turbine by 4.9% in the first quarter. Perkins Capital Management Inc. now owns 1,374,900 shares of the industrial products company’s stock valued at $1,237,000 after buying an additional 63,757 shares in the last quarter. Institutional investors and hedge funds own 11.33% of the company’s stock.

NASDAQ CPST opened at $0.83 on Friday. Capstone Turbine has a 12-month low of $0.55 and a 12-month high of $1.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.50 and a quick ratio of 1.77. The firm has a market capitalization of $63.05 million, a P/E ratio of -3.32 and a beta of 0.73.

Capstone Turbine (NASDAQ:CPST) last issued its quarterly earnings data on Tuesday, June 11th. The industrial products company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Capstone Turbine had a negative net margin of 19.97% and a negative return on equity of 67.42%. The company had revenue of $22.02 million for the quarter, compared to the consensus estimate of $20.97 million. On average, sell-side analysts expect that Capstone Turbine will post -0.1 earnings per share for the current 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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