Brokerages Set Maxwell Technologies Inc. (MXWL) Price Target at $7.25

Maxwell Technologies Inc. (NASDAQ:MXWL) has been given an average rating of “Buy” by the eight brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $7.25.

Several equities research analysts have issued reports on MXWL shares. ValuEngine upgraded Maxwell Technologies from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Maxwell Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. UBS upgraded Maxwell Technologies from a “market perform” rating to an “outperform” rating in a report on Friday, February 16th. Finally, Oppenheimer upgraded Maxwell Technologies from a “market perform” rating to an “outperform” rating and set a $7.00 price target for the company in a report on Friday, February 16th.

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MXWL stock traded down $0.05 during midday trading on Friday, hitting $5.57. 60,456 shares of the company’s stock were exchanged, compared to its average volume of 156,735. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.75 and a current ratio of 2.41. Maxwell Technologies has a 12-month low of $4.29 and a 12-month high of $6.61.

Maxwell Technologies (NASDAQ:MXWL) last posted its quarterly earnings data on Thursday, February 15th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). Maxwell Technologies had a negative return on equity of 30.48% and a negative net margin of 33.08%. The business had revenue of $30.80 million for the quarter, compared to analysts’ expectations of $31.52 million. During the same quarter in the prior year, the firm earned ($0.32) earnings per share. Maxwell Technologies’s revenue for the quarter was up 16.7% compared to the same quarter last year. equities research analysts predict that Maxwell Technologies will post -0.64 EPS for the current fiscal year.

In other news, CEO Franz Fink sold 4,502 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $5.95, for a total value of $26,786.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.54% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System increased its holdings in shares of Maxwell Technologies by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 63,951 shares of the electronics maker’s stock valued at $383,000 after acquiring an additional 600 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Maxwell Technologies by 15.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,408 shares of the electronics maker’s stock worth $200,000 after buying an additional 4,539 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Maxwell Technologies by 22.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 74,050 shares of the electronics maker’s stock worth $380,000 after buying an additional 13,600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Maxwell Technologies during the 3rd quarter worth $100,000. Finally, Trexquant Investment LP bought a new position in Maxwell Technologies during the 3rd quarter worth $107,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

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Maxwell Technologies Company Profile

Maxwell Technologies, Inc develops, manufactures and markets energy storage and power delivery products for transportation, industrial, information technology and other applications and microelectronic products for space and satellite applications. The Company offers three product lines: Ultracapacitors, High-Voltage Capacitors and Radiation-Hardened Microelectronic Products.

Analyst Recommendations for Maxwell Technologies (NASDAQ:MXWL)

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