Maxim Group analyst James Jang reiterated a Buy rating on Capstone Turbine Corp (CPST) today and set a price target of $2. The company’s shares closed yesterday at $0.91.
Jang wrote:
“Yesterday, after market close, CPST reported F3Q19 revenue of $18M, below our estimate of $25.4M, and a loss per share of ($0.05), which was a penny better than our estimate of ($0.06).”
According to TipRanks.com, Jang is a 3-star analyst with an average return of 1.3% and a 33.3% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Dynagas LNG Partners LP, and Nordic American Tanker.
Currently, the analyst consensus on Capstone Turbine Corp is a Strong Buy with an average price target of $2.33, a 155.8% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $3 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $1.90 and a one-year low of $0.55. Currently, Capstone Turbine Corp has an average volume of 476.8K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Capstone Turbine Corp. develops, manufactures, markets and services micro turbine technology solutions for use in stationary distributed power generation applications, including cogeneration combined heat and power, integrated combined heat and power, and combined cooling, heat and power, renewable energy, natural resources and critical power supply.
