Maxwell Technologies, Inc. (NASDAQ:MXWL)‘s stock had its “buy” rating reissued by analysts at Cowen and Company in a research report issued to clients and investors on Sunday. They presently have a $8.00 target price on the electronics maker’s stock. Cowen and Company’s price target would suggest a potential upside of 39.37% from the stock’s previous close.

Several other research firms have also commented on MXWL. Roth Capital set a $6.00 target price on Maxwell Technologies and gave the stock a “hold” rating in a report on Monday, July 31st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $7.00 target price on shares of Maxwell Technologies in a report on Thursday, August 10th. Zacks Investment Research raised Maxwell Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. ValuEngine raised Maxwell Technologies from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Maxwell Technologies in a report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $6.90.

Maxwell Technologies (NASDAQ MXWL) opened at 5.74 on Friday. The company’s market capitalization is $203.92 million. Maxwell Technologies has a 52 week low of $4.39 and a 52 week high of $6.48. The company’s 50 day moving average price is $5.71 and its 200-day moving average price is $5.71.

Maxwell Technologies (NASDAQ:MXWL) last announced its quarterly earnings data on Monday, August 7th. The electronics maker reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.06. The firm had revenue of $37.10 million during the quarter, compared to analysts’ expectations of $33.99 million. Maxwell Technologies had a negative return on equity of 30.83% and a negative net margin of 34.18%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the business posted ($0.13) earnings per share. Equities research analysts expect that Maxwell Technologies will post ($0.61) earnings per share for the current year.

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In other Maxwell Technologies news, Director Jorg Buchheim acquired 60,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were bought at an average cost of $5.78 per share, with a total value of $346,800.00. Following the completion of the acquisition, the director now owns 75,653 shares in the company, valued at $437,274.34. The purchase 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 company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System grew its holdings in Maxwell Technologies by 0.9% in the second quarter. California State Teachers Retirement System now owns 63,951 shares of the electronics maker’s stock valued at $383,000 after purchasing an additional 600 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Maxwell Technologies by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 123,779 shares of the electronics maker’s stock valued at $742,000 after purchasing an additional 741 shares during the period. American International Group Inc. grew its holdings in Maxwell Technologies by 7.1% in the first quarter. American International Group Inc. now owns 19,390 shares of the electronics maker’s stock valued at $113,000 after purchasing an additional 1,277 shares during the period. Ironwood Investment Management LLC grew its holdings in Maxwell Technologies by 4.7% in the first quarter. Ironwood Investment Management LLC now owns 47,778 shares of the electronics maker’s stock valued at $278,000 after purchasing an additional 2,160 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Maxwell Technologies by 15.7% in the second quarter. The Manufacturers Life Insurance Company now owns 33,408 shares of the electronics maker’s stock valued at $200,000 after purchasing an additional 4,539 shares during the period. 45.86% of the stock is currently owned by institutional investors.

About Maxwell Technologies

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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