Capstone Energy Inc (CGEH)

[CaptWhizbang]

Analysts Set Capstone Turbine Price Target at $0.80 (NASDAQ:CPST)
Posted by Jim Maxwell on Oct 5th, 2015

Capstone Turbine logoShares of Capstone Turbine (NASDAQ:CPST) have been given a consensus rating of “Buy” by the eleven analysts that are currently covering the firm, AnalystRatingsNetwork.com reports. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $0.76.

In related news, Director Eliot G. Protsch purchased 125,000 shares of Capstone Turbine stock in a transaction on Monday, August 17th. The stock was bought at an average price of $0.41 per share, with a total value of $51,250.00. Following the completion of the transaction, the director now directly owns 467,961 shares of the company’s stock, valued at $191,864.01. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Capstone Turbine (NASDAQ:CPST) traded down 8.7552% on Monday, hitting $0.2199. The stock had a trading volume of 5,848,020 shares. Capstone Turbine has a 12-month low of $0.20 and a 12-month high of $1.07. The company’s 50 day moving average price is $0.36 and its 200-day moving average price is $0.47. The company’s market cap is $72.73 million.

Capstone Turbine (NASDAQ:CPST) last posted its earnings results on Thursday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The company earned $26.98 million during the quarter, compared to analyst estimates of $25.38 million. Capstone Turbine’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) EPS. Equities research analysts anticipate that Capstone Turbine will post ($0.05) EPS for the current year.

CPST has been the subject of a number of recent analyst reports. Capstone reduced their target price on Capstone Turbine from $0.65 to $0.50 in a report on Thursday, June 18th. Roth Capital cut their price target on Capstone Turbine from $0.50 to $0.33 in a report on Friday, August 7th. HC Wainwright began coverage on Capstone Turbine in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $1.00 target price on the stock. Rodman & Renshaw initiated coverage on Capstone Turbine in a research report on Tuesday, September 22nd. They set a “buy” rating on the stock. Finally, Craig Hallum cut Capstone Turbine from a “buy” rating to a “hold” rating in a report on Friday.

http://dcprogressive.org/2015/10/05/analysts-set-capstone-turbine-price-target-at-0-80-nasdaqcpst/