TheStreet Upgrades Maxwell Technologies to “Buy” (MXWL)

Share on StockTwits

Maxwell Technologies (NASDAQ:MXWL) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

The analysts wrote, “Maxwell Technologies (MXWL) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”

Shares of Maxwell Technologies (NASDAQ:MXWL) opened at 16.64 on Tuesday. Maxwell Technologies has a 52-week low of $6.37 and a 52-week high of $17.15. The stock has a 50-day moving average of $14.87 and a 200-day moving average of $10.64. The company has a market cap of $483.3 million and a P/E ratio of 65.36.

Maxwell Technologies (NASDAQ:MXWL) last released its earnings data on Thursday, May 1st. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.06) by $0.10. The company had revenue of $46.00 million for the quarter, compared to the consensus estimate of $39.40 million. Maxwell Technologies’s revenue was down 3.6% compared to the same quarter last year. Analysts expect that Maxwell Technologies will post $0.26 EPS for the current fiscal year.

A number of other firms have also recently commented on MXWL. Analysts at Sidoti reiterated a “buy” rating on shares of Maxwell Technologies in a research note on Saturday, May 17th. They now have a $21.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Maxwell Technologies in a research note on Friday, May 2nd. They now have a $20.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Maxwell Technologies currently has an average rating of “Buy” and an average target price of $19.17.

In other Maxwell Technologies news, Director Jose Cortes unloaded 16,000 shares of Maxwell Technologies stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $15.90, for a total transaction of $254,400.00. Following the completion of the sale, the director now directly owns 40,922 shares of the company’s stock, valued at approximately $650,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Maxwell Technologies, Inc (NASDAQ:MXWL) 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Brewing Beer the Belgium Way
Brewing Beer the Belgium Way
White House Announces Majority of Children to Be Returned
White House Announces Majority of Children to Be Returned
More Immigrants Anticipated in Southern California
More Immigrants Anticipated in Southern California
Dark Chocolate Might Ease Impact of Artery Disease
Dark Chocolate Might Ease Impact of Artery Disease
Smartphones Come Before Chocolate or Alcohol
Smartphones Come Before Chocolate or Alcohol
Thousands of Deaths in U.S. Linked to Excessive Drinking
Thousands of Deaths in U.S. Linked to Excessive Drinking


Leave a Reply

 
© 2006-2014 The Legacy. Subscribe