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Cowen & Co. Thinks Maxwell Technologies’ Stock is Going to Recover


Cowen & Co. analyst Jeff Osborne maintained a Buy rating on Maxwell Technologies (MXWL) on November 7 and set a price target of $5. The company’s shares closed yesterday at $2.98, close to its 52-week low of $2.73.

According to TipRanks.com, Osborne ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -3.9% and a 38.6% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, TPI Composites Inc, and Fuelcell Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Maxwell Technologies with a $5 average price target, implying a 67.8% upside from current levels. In a report issued on November 6, Oppenheimer also maintained a Buy rating on the stock with a $5 price target.

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The company has a one-year high of $6.27 and a one-year low of $2.73. Currently, Maxwell Technologies has an average volume of 431.9K.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MXWL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Maxwell Technologies, Inc. engages in the development, manufacture, and marketing of energy storage and power delivery solutions. It operates through the following product lines: Ultracapacitors, High-Voltage Capacitors, and Radiation-Hardened Microelectronic Products.