Tesla (TSLA) Stock Rating Upgraded by Vetr

Vetr upgraded shares of Tesla (NASDAQ:TSLA) from a sell rating to a hold rating in a research report report published on Monday morning. Vetr currently has $336.07 price target on the electric vehicle producer’s stock.

A number of other analysts have also issued reports on the stock. Robert W. Baird reissued a buy rating and issued a $411.00 price target on shares of Tesla in a research report on Wednesday, October 25th. Nomura reissued a buy rating and issued a $500.00 price target on shares of Tesla in a research report on Tuesday, October 31st. Piper Jaffray Companies set a $386.00 price target on shares of Tesla and gave the stock a buy rating in a research report on Monday, October 16th. Global Equities Research reissued a buy rating and issued a $485.00 price target on shares of Tesla in a research report on Wednesday, November 29th. Finally, Morgan Stanley increased their price target on shares of Tesla from $317.00 to $379.00 and gave the stock an equal weight rating in a research report on Monday, October 9th. Eleven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $328.40.

Tesla (NASDAQ:TSLA) opened at $315.23 on Monday. Tesla has a fifty-two week low of $242.01 and a fifty-two week high of $389.61. The company has a market cap of $52,980.00, a PE ratio of -36.83 and a beta of 0.97. 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 (NASDAQ:TSLA) last announced its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, topping the consensus estimate of ($3.12) by $0.08. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the company posted ($0.69) earnings per share. The business’s revenue for the quarter was up 43.9% on a year-over-year basis. sell-side analysts predict that Tesla will post -11.38 EPS for the current year.

In other news, Director Kimbal Musk sold 4,065 shares of Tesla stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total value of $1,268,605.20. Following the transaction, the director now owns 154,589 shares of the company’s stock, valued at $48,244,135.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Eric Branderiz sold 1,229 shares of Tesla stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $312.61, for a total transaction of $384,197.69. Following the completion of the transaction, the vice president now directly owns 4,808 shares in the company, valued at approximately $1,503,028.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,231 shares of company stock worth $3,292,431. Insiders own 23.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Investec Asset Management LTD raised its position in shares of Tesla by 78.0% in the third quarter. Investec Asset Management LTD now owns 3,690 shares of the electric vehicle producer’s stock valued at $1,259,000 after purchasing an additional 1,617 shares during the period. Smith Moore & CO. raised its position in shares of Tesla by 56.3% in the third quarter. Smith Moore & CO. now owns 972 shares of the electric vehicle producer’s stock valued at $332,000 after purchasing an additional 350 shares during the period. WINTON GROUP Ltd bought a new position in shares of Tesla in the second quarter valued at approximately $681,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Tesla by 2.1% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,569 shares of the electric vehicle producer’s stock valued at $13,156,000 after purchasing an additional 784 shares during the period. Finally, Arrow Financial Corp raised its position in shares of Tesla by 13.7% in the third quarter. Arrow Financial Corp now owns 9,338 shares of the electric vehicle producer’s stock valued at $3,186,000 after purchasing an additional 1,127 shares during the period. 57.35% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Tesla (TSLA) Stock Rating Upgraded by Vetr” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2018/02/09/tesla-tsla-stock-rating-upgraded-by-vetr-2.html.

About Tesla

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit