Tesla (NASDAQ:TSLA)‘s stock had its “sell” rating reiterated by Jefferies Group in a research report issued on Monday. They presently have a $250.00 price target on the electric vehicle producer’s stock. Jefferies Group’s target price points to a potential downside of 19.50% from the stock’s current price.
A number of other research firms also recently weighed in on TSLA. BidaskClub raised Tesla from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Vetr downgraded Tesla from a “hold” rating to a “sell” rating and set a $341.15 price target for the company. in a research report on Monday, February 26th. Zacks Investment Research downgraded Tesla from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. KeyCorp reaffirmed a “hold” rating on shares of Tesla in a research report on Tuesday, March 13th. Finally, Piper Jaffray Companies set a $385.00 price target on Tesla and gave the stock a “buy” rating in a research report on Thursday, February 8th. Thirteen investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $322.64.
Tesla stock opened at $310.55 on Monday. Tesla has a 12-month low of $250.24 and a 12-month high of $389.61. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.56 and a current ratio of 0.86. The firm has a market capitalization of $54,282.41, a P/E ratio of -26.34 and a beta of 1.01.
Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.12) by $0.08. Tesla had a negative return on equity of 33.08% and a negative net margin of 16.68%. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the firm posted ($0.69) EPS. The business’s revenue was up 43.9% on a year-over-year basis. sell-side analysts expect that Tesla will post -15.15 earnings per share for the current year.
In other Tesla news, VP Eric Branderiz sold 801 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $354.58, for a total transaction of $284,018.58. Following the transaction, the vice president now owns 1,287 shares in the company, valued at approximately $456,344.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kimbal Musk sold 4,065 shares of the stock in a transaction on Tuesday, January 2nd. The stock was 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 in the company, valued at approximately $48,244,135.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,719 shares of company stock worth $2,827,816. 23.10% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its position in Tesla by 20.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 895 shares of the electric vehicle producer’s stock worth $279,000 after buying an additional 155 shares during the period. First Republic Investment Management Inc. increased its position in Tesla by 0.7% during the 3rd quarter. First Republic Investment Management Inc. now owns 23,373 shares of the electric vehicle producer’s stock worth $7,972,000 after buying an additional 161 shares during the period. Parallel Advisors LLC increased its position in Tesla by 12.7% during the 3rd quarter. Parallel Advisors LLC now owns 1,438 shares of the electric vehicle producer’s stock worth $454,000 after buying an additional 162 shares during the period. Catawba Capital Management VA increased its position in Tesla by 6.0% during the 4th quarter. Catawba Capital Management VA now owns 2,935 shares of the electric vehicle producer’s stock worth $914,000 after buying an additional 165 shares during the period. Finally, Essex Financial Services Inc. increased its position in Tesla by 4.9% during the 4th quarter. Essex Financial Services Inc. now owns 3,549 shares of the electric vehicle producer’s stock worth $1,105,000 after buying an additional 165 shares during the period. Hedge funds and other institutional investors own 58.18% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This story was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/03/21/teslas-tsla-sell-rating-reiterated-at-jefferies-group.html.
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.
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.