Maxwell Technologies Upgraded to “Overweight” at Piper Jaffray (MXWL)
Maxwell Technologies (NASDAQ:MXWL) was upgraded by Piper Jaffray to an “overweight” rating in a research note issued on Friday, Analyst Ratings Network reports.
Several other analysts have also recently commented on the stock. Analysts at UBS AG upgraded shares of Maxwell Technologies from a “hold” rating to an “accumulate” rating in a research note to investors on Friday, October 25th. Separately, analysts at Ardour Capital upgraded shares of Maxwell Technologies from a “hold” rating to an “accumulate” rating in a research note to investors on Friday, October 25th. They now have a $9.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Maxwell Technologies in a research note to investors on Monday, October 21st. They now have a $8.75 price target on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $9.06.
Shares of Maxwell Technologies (NASDAQ:MXWL) opened at 8.09 on Friday. Maxwell Technologies has a 52 week low of $4.90 and a 52 week high of $11.08. The stock’s 50-day moving average is $7.44 and its 200-day moving average is $8.17. The company has a market cap of $233.7 million and a P/E ratio of 18.63.
Maxwell Technologies (NASDAQ:MXWL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.12) by $0.35. The company had revenue of $51.20 million for the quarter, compared to the consensus estimate of $36.75 million. Maxwell Technologies’s revenue was up 19.9% compared to the same quarter last year. On average, analysts predict that Maxwell Technologies will post $0.28 earnings per share for the current fiscal year.
Maxwell Technologies, Inc (NASDAQ:MXWL) develops, manufactures and markets energy storage and power delivery products for transportation, industrial, telecommunications and other applications and microelectronic products for space and satellite applications.
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