UPDATE - Canaccord Genuity Downgraded Maxwell Technologies (MXWL) to Hold; Shares Appear Fully Valued on Lower Growth Assumptions
Tweet
Share
E-mailGet Alerts MXWL Hot Sheet
Price: $4.48 --0%
Rating Summary:
4 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
UPDATE - Canaccord Genuity downgraded Maxwell Technologies (NASDAQ: MXWL) from Buy to Hold, price target lowered from $24 to $14.
Analyst, Jonathan Dorsheimer, said, "Maxwell missed slightly our and consensus estimates for Q1 and also lowered its full year implied guidance...The company cites the general European slowdown and push outs in China’s hybrid bus program for the revision...Maxwell’s ultracapacitor results also remain hampered by the prolonged slowdown in China’s wind market."
"Our numbers came down on a lower ultracapacitor growth rate. While numbers are being tempered, we feel a 20x multiple is justified as we are still expecting a respectable high-teens growth rate over the next 2 years."
To see more ratings on MXWL, Click Here
Analyst, Jonathan Dorsheimer, said, "Maxwell missed slightly our and consensus estimates for Q1 and also lowered its full year implied guidance...The company cites the general European slowdown and push outs in China’s hybrid bus program for the revision...Maxwell’s ultracapacitor results also remain hampered by the prolonged slowdown in China’s wind market."
"Our numbers came down on a lower ultracapacitor growth rate. While numbers are being tempered, we feel a 20x multiple is justified as we are still expecting a respectable high-teens growth rate over the next 2 years."
To see more ratings on MXWL, Click Here
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Walmart (WMT) PT Lowered to $125 at JPMorgan, Overweight Rating Maintained as 'Short Case Feels Greedy'
- JPMorgan Downgrades Limbach Holdings (LMB) to Underweight
Create E-mail Alert Related Categories
Analyst EPS Change, Analyst EPS View, Analyst PT Change, DowngradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
