Tesla (TSLA) Stock Rating Upgraded by Vetr

Tesla (NASDAQ:TSLA) was upgraded by research analysts at Vetr from a “sell” rating to a “buy” rating in a research report issued on Tuesday. The firm presently has a $331.07 target price on the electric vehicle producer’s stock. Vetr‘s price objective suggests a potential upside of 6.23% from the company’s previous close.

Several other research analysts also recently commented on the stock. Jefferies Group downgraded shares of Tesla from an “in-line” rating to an “underperform” rating and reduced their price target for the stock from $312.00 to $240.00 in a research note on Friday, October 27th. Nomura reaffirmed a “buy” rating and issued a $500.00 price target on shares of Tesla in a research note on Tuesday, October 31st. Cann downgraded shares of Tesla from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. KeyCorp reissued a “hold” rating on shares of Tesla in a research report on Friday, November 10th. Finally, Citigroup reissued a “hold” rating and set a $367.00 target price on shares of Tesla in a research report on Wednesday, November 15th. Twelve equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Tesla currently has a consensus rating of “Hold” and an average price target of $332.89.

Shares of Tesla (NASDAQ TSLA) opened at $311.64 on Tuesday. The stock has a market cap of $52,410.00, a PE ratio of -36.41 and a beta of 0.95. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Tesla has a twelve month low of $210.96 and a twelve month high of $389.61.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The business’s revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the business earned $0.71 EPS. research analysts expect that Tesla will post -11.38 earnings per share for the current fiscal year.

In related news, VP John Douglas Field sold 600 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total value of $180,960.00. Following the completion of the sale, the vice president now owns 21,424 shares of the company’s stock, valued at approximately $6,461,478.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kimbal Musk sold 2,190 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $341.69, for a total transaction of $748,301.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,817 shares of company stock valued at $4,171,699. Insiders own 23.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its position in shares of Tesla by 29.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 985 shares of the electric vehicle producer’s stock valued at $356,000 after acquiring an additional 222 shares during the last quarter. Alps Advisors Inc. acquired a new position in shares of Tesla during the 2nd quarter valued at about $300,000. BB&T Securities LLC boosted its position in shares of Tesla by 89.4% during the 2nd quarter. BB&T Securities LLC now owns 1,926 shares of the electric vehicle producer’s stock valued at $696,000 after acquiring an additional 909 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Tesla by 12.3% during the 2nd quarter. Prudential Financial Inc. now owns 8,031 shares of the electric vehicle producer’s stock valued at $2,904,000 after acquiring an additional 880 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Tesla by 53.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 750 shares of the electric vehicle producer’s stock valued at $272,000 after acquiring an additional 262 shares during the last quarter. 57.12% of the stock is owned by institutional investors and hedge funds.

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Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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