HC Wainwright Reiterates “$2.00” Price Target for Capstone Turbine Corporation (CPST)
Capstone Turbine Corporation (NASDAQ:CPST) has been assigned a $2.00 target price by equities researchers at HC Wainwright in a report released on Friday. The firm presently has a “buy” rating on the industrial products company’s stock. HC Wainwright’s price objective would suggest a potential upside of 83.49% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Capstone Turbine Corporation from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a research note on Tuesday, July 4th. Oppenheimer Holdings, Inc. raised shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 4th. Roth Capital raised shares of Capstone Turbine Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $0.65 to $2.00 in a research note on Monday, September 18th. Finally, CIBC raised shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $1.58.
Capstone Turbine Corporation (NASDAQ:CPST) traded down 0.92% during trading on Friday, hitting $1.08. 291,788 shares of the company 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 capitalization is $46.02 million. The company’s 50 day moving average is $0.77 and its 200-day moving average is $0.71.
Capstone Turbine Corporation (NASDAQ:CPST) last released its quarterly earnings results on Wednesday, August 9th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. The company 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%. Capstone Turbine Corporation’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. Analysts predict that Capstone Turbine Corporation will post ($0.24) earnings per share for the current year.
A hedge fund recently raised its stake in Capstone Turbine Corporation stock. Wedbush Securities Inc. raised its position in shares of Capstone Turbine Corporation (NASDAQ:CPST) by 15.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission. 13.45% of the stock is owned by institutional investors and hedge funds.
About Capstone Turbine Corporation
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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