Maxwell Technologies (MXWL) Receives “Buy” Rating from Cowen

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Cowen reiterated their buy rating on shares of Maxwell Technologies (NASDAQ:MXWL) in a report issued on Friday morning. Cowen currently has a $5.00 price objective on the electronics maker’s stock.

Several other equities analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Maxwell Technologies from a sell rating to a hold rating in a report on Tuesday, October 9th. Oppenheimer dropped their target price on shares of Maxwell Technologies from $7.00 to $6.00 and set an outperform rating for the company in a report on Tuesday, August 7th. Canaccord Genuity began coverage on shares of Maxwell Technologies in a report on Friday, August 3rd. They set a hold rating and a $5.00 target price for the company. Finally, ValuEngine downgraded shares of Maxwell Technologies from a buy rating to a hold rating in a report on Saturday, July 28th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Maxwell Technologies presently has a consensus rating of Buy and an average target price of $5.63.

NASDAQ:MXWL traded down $0.21 during mid-day trading on Friday, hitting $2.77. 367,370 shares of the company’s stock traded hands, compared to its average volume of 295,020. The company has a current ratio of 2.21, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. Maxwell Technologies has a 1 year low of $2.65 and a 1 year high of $6.27. The company has a market capitalization of $117.52 million, a P/E ratio of -3.04 and a beta of 0.44.

Maxwell Technologies (NASDAQ:MXWL) last posted its earnings results on Tuesday, November 6th. The electronics maker reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.02. Maxwell Technologies had a negative net margin of 31.86% and a negative return on equity of 35.86%. The firm had revenue of $33.70 million during the quarter, compared to the consensus estimate of $34.04 million. During the same period last year, the firm posted ($0.13) EPS. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities research analysts predict that Maxwell Technologies will post -0.95 earnings per share for the current year.

A number of large investors have recently bought and sold shares of MXWL. Mak Capital One LLC boosted its stake in shares of Maxwell Technologies by 87.2% during the 2nd quarter. Mak Capital One LLC now owns 2,944,521 shares of the electronics maker’s stock worth $15,312,000 after purchasing an additional 1,371,620 shares during the last quarter. AWM Investment Company Inc. boosted its stake in shares of Maxwell Technologies by 158.6% during the 3rd quarter. AWM Investment Company Inc. now owns 2,431,963 shares of the electronics maker’s stock worth $8,488,000 after purchasing an additional 1,491,348 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Maxwell Technologies by 5.5% during the 3rd quarter. BlackRock Inc. now owns 2,393,700 shares of the electronics maker’s stock worth $8,353,000 after purchasing an additional 124,822 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Maxwell Technologies by 4.1% during the 2nd quarter. Royce & Associates LP now owns 1,053,242 shares of the electronics maker’s stock worth $5,477,000 after purchasing an additional 41,000 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Maxwell Technologies by 2.5% during the 1st quarter. Northern Trust Corp now owns 387,077 shares of the electronics maker’s stock worth $2,295,000 after purchasing an additional 9,372 shares during the last quarter. Hedge funds and other institutional investors own 63.52% of the company’s stock.

About Maxwell Technologies

Maxwell Technologies, Inc develops, manufactures, and markets energy storage and power delivery products worldwide. The company provides ultracapacitor cells, multi-cell packs, modules, and subsystems that provide energy storage and power delivery solutions for applications in automotive, grid energy storage, wind, bus, industrial, and truck industries; and lithium-ion capacitors, which are energy storage devices designed to address various applications in the rail, grid, and industrial markets.

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Analyst Recommendations for Maxwell Technologies (NASDAQ:MXWL)

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