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Equities researchers at Ardour Capital upped their target price on shares of Maxwell Technologies (NASDAQ:MXWL) from $11.00 to $17.00 in a research report issued on Friday, StockRatingsNetwork reports. The firm currently has an “accumulate” rating on the stock. Ardour Capital’s target price would suggest a potential upside of 15.72% from the stock’s previous close.

Maxwell Technologies (NASDAQ:MXWL) traded up 12.53% during mid-day trading on Friday, hitting $16.5301. The stock had a trading volume of 1,560,951 shares. Maxwell Technologies has a 1-year low of $5.61 and a 1-year high of $16.87. The stock’s 50-day moving average is $14.08 and its 200-day moving average is $9.84. The company has a market cap of $480.0 million and a P/E ratio of 66.77.

Maxwell Technologies (NASDAQ:MXWL) last released its earnings data on Thursday, May 1st. The company reported $0.04 earnings per share (EPS) for the quarter, beating the 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. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Analysts expect that Maxwell Technologies will post $0.08 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on MXWL. Analysts at Roth Capital raised their price target on shares of Maxwell Technologies from $10.00 to $20.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Sidoti reiterated a “buy” rating on shares of Maxwell Technologies in a research note on Thursday. They now have a $21.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Maxwell Technologies in a research note on Tuesday. They now have a $16.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Maxwell Technologies has a consensus rating of “Hold” and a consensus target price of $19.00.

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.

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