Capstone Turbine Co. (CPST) Receives Consensus Recommendation of “Buy” from Analysts
Capstone Turbine Co. (NASDAQ:CPST) has been given a consensus recommendation of “Buy” by the seven research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $2.15.
Several brokerages have issued reports on CPST. HC Wainwright set a $2.00 price objective on shares of Capstone Turbine and gave the company a “buy” rating in a research note on Friday, April 13th. ValuEngine raised shares of Capstone Turbine from a “sell” rating to a “hold” rating in a research note on Friday, June 1st. Lake Street Capital started coverage on shares of Capstone Turbine in a research note on Friday, June 15th. They set a “buy” rating and a $3.00 price target on the stock. Finally, Zacks Investment Research raised shares of Capstone Turbine from a “sell” rating to a “hold” rating in a research note on Monday, April 23rd.
Shares of NASDAQ:CPST traded up $0.04 during trading on Friday, hitting $1.52. 252,230 shares of the company were exchanged, compared to its average volume of 981,269. The company has a market capitalization of $94.63 million, a PE ratio of -7.55 and a beta of 0.21. The company has a current ratio of 1.68, a quick ratio of 1.19 and a debt-to-equity ratio of 0.01. Capstone Turbine has a 12-month low of $0.58 and a 12-month high of $1.90.
In related news, Director Robert C. Flexon purchased 30,000 shares of the stock in a transaction dated Tuesday, June 12th. The shares were acquired at an average cost of $1.53 per share, with a total value of $45,900.00. Following the purchase, the director now directly owns 41,875 shares in the company, valued at approximately $64,068.75. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have bought 44,655 shares of company stock worth $68,243. Corporate insiders own 1.83% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. acquired a new stake in Capstone Turbine in the 4th quarter valued at about $111,000. Northern Trust Corp grew its stake in Capstone Turbine by 116.5% in the 1st quarter. Northern Trust Corp now owns 154,257 shares of the industrial products company’s stock valued at $177,000 after acquiring an additional 83,002 shares during the last quarter. Geode Capital Management LLC grew its stake in Capstone Turbine by 63.3% in the 4th quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 67,509 shares during the last quarter. Finally, Sabby Management LLC acquired a new stake in Capstone Turbine in the 4th quarter valued at about $758,000. 11.43% of the stock is currently owned by hedge funds and other institutional investors.
About Capstone Turbine
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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