Barclays reiterated their sell rating on shares of Tesla (NASDAQ:TSLA) in a report released on Thursday, January 4th. The brokerage currently has a $210.00 price objective on the electric vehicle producer’s stock.
Several other equities research analysts also recently commented on the company. Sanford C. Bernstein set a $265.00 target price on Tesla and gave the company a neutral rating in a report on Wednesday, September 20th. Cascend Securities downgraded Tesla from a hold rating to a sell rating and set a $250.00 price objective on the stock. in a report on Tuesday, December 5th. Evercore ISI decreased their target price on Tesla from $330.00 to $312.00 and set an outperform rating for the company in a research report on Sunday, October 29th. Vetr upgraded Tesla from a strong sell rating to a sell rating and set a $293.06 target price for the company in a research report on Wednesday, December 20th. Finally, Citigroup reiterated a hold rating and issued a $367.00 target price on shares of Tesla in a research report on Wednesday, November 15th. Eleven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $329.48.
Tesla (NASDAQ TSLA) traded up $7.23 during trading on Thursday, hitting $342.03. The stock had a trading volume of 4,374,465 shares, compared to its average volume of 5,760,000. The stock has a market capitalization of $57,480.00, a PE ratio of -39.96 and a beta of 0.94. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. Tesla has a twelve month low of $225.58 and a twelve month high of $389.61.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, beating analysts’ consensus estimates of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the company earned $0.71 earnings per share. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. sell-side analysts expect that Tesla will post -11.38 EPS for the current fiscal year.
In other news, Director Kimbal Musk sold 2,190 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $330.29, for a total transaction of $723,335.10. Following the completion of the sale, the director now owns 154,419 shares in the company, valued at approximately $51,003,051.51. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Eric Branderiz sold 1,736 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $339.49, for a total value of $589,354.64. Following the transaction, the vice president now directly owns 1,736 shares of the company’s stock, valued at approximately $589,354.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,692 shares of company stock valued at $4,692,003. 23.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of TSLA. Janus Henderson Group PLC raised its holdings in Tesla by 126.6% in the 3rd quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock valued at $186,601,000 after acquiring an additional 305,596 shares in the last quarter. Vanguard Group Inc. raised its holdings in Tesla by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock valued at $2,251,890,000 after acquiring an additional 292,602 shares in the last quarter. Whale Rock Capital Management LLC acquired a new position in Tesla in the 2nd quarter valued at approximately $66,601,000. Jasper Ridge Partners L.P. raised its holdings in Tesla by 7,001.5% in the 2nd quarter. Jasper Ridge Partners L.P. now owns 161,276 shares of the electric vehicle producer’s stock valued at $58,319,000 after acquiring an additional 159,005 shares in the last quarter. Finally, Quantitative Investment Management LLC acquired a new position in Tesla in the 2nd quarter valued at approximately $52,108,000. 57.12% of the stock is owned by hedge funds and other institutional investors.
WARNING: “Tesla (NASDAQ:TSLA) Given Sell Rating at Barclays” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/11/tesla-tsla-receives-sell-rating-from-barclays.html.
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.
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.