Barclays Reaffirms Underweight Rating for Tesla (TSLA)

Tesla (NASDAQ:TSLA)‘s stock had its “underweight” rating reaffirmed by stock analysts at Barclays in a research report issued to clients and investors on Thursday, The Fly reports. They presently have a $1.00 price target on the electric vehicle producer’s stock. Barclays’ price objective would suggest a potential downside of 99.68% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Nord/LB set a $270.00 price target on shares of Tesla and gave the company a “sell” rating in a research note on Thursday. Vetr upgraded shares of Tesla from a “sell” rating to a “hold” rating and set a $336.07 target price on the stock in a research note on Monday, February 5th. BidaskClub upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Zacks Investment Research cut shares of Tesla from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. Finally, Cowen reiterated a “sell” rating on shares of Tesla in a research note on Friday, January 19th. Twelve investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. Tesla presently has a consensus rating of “Hold” and an average target price of $322.45.

Shares of Tesla (NASDAQ:TSLA) opened at $310.42 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09. Tesla has a 52 week low of $242.01 and a 52 week high of $389.61.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($3.12) by $0.08. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Tesla had a negative net margin of 16.68% and a negative return on equity of 32.11%. Tesla’s revenue was up 43.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.69) EPS. sell-side analysts forecast that Tesla will post -6.87 earnings per share for the current year.

In other news, VP John Douglas Field sold 1,000 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $334.87, for a total value of $334,870.00. Following the transaction, the vice president now owns 20,128 shares of the company’s stock, valued at approximately $6,740,263.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Eric Branderiz sold 1,736 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $313.25, for a total transaction of $543,802.00. Following the completion of the transaction, the vice president now directly owns 1,225 shares in the company, valued at approximately $383,731.25. The disclosure for this sale can be found here. Insiders sold a total of 10,231 shares of company stock worth $3,292,431 in the last three months. Insiders own 23.10% of the company’s stock.

Large investors have recently modified their holdings of the company. Wealthcare Advisory Partners LLC bought a new position in shares of Tesla in the 3rd quarter worth $100,000. Mckinley Capital Management LLC Delaware bought a new position in shares of Tesla during the 3rd quarter valued at $106,000. First Personal Financial Services bought a new position in shares of Tesla during the 3rd quarter valued at $148,000. WFG Advisors LP grew its holdings in shares of Tesla by 106.8% during the 2nd quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock valued at $165,000 after purchasing an additional 236 shares during the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of Tesla by 21.6% during the 2nd quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock valued at $193,000 after purchasing an additional 95 shares during the last quarter. 57.35% of the stock is currently owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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