Tesla (NASDAQ:TSLA) has been given a $291.00 target price by equities research analysts at Morgan Stanley in a research note issued on Monday. The brokerage presently has a “hold” rating on the electric vehicle producer’s stock. Morgan Stanley’s price target would indicate a potential upside of 5.81% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered Tesla from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. UBS set a $195.00 price target on Tesla and gave the company a “sell” rating in a report on Friday, February 9th. Vetr upgraded Tesla from a “hold” rating to a “buy” rating and set a $339.63 price target for the company in a report on Monday, February 12th. JPMorgan Chase set a $190.00 price target on Tesla and gave the company a “sell” rating in a report on Thursday, February 8th. Finally, KeyCorp reiterated a “hold” rating on shares of Tesla in a report on Thursday, May 3rd. Thirteen investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $302.73.
Tesla opened at $275.01 on Monday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.44 and a current ratio of 0.74. Tesla has a fifty-two week low of $244.59 and a fifty-two week high of $389.61. The stock has a market cap of $47.00 billion, a price-to-earnings ratio of -23.96 and a beta of 1.11.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, May 2nd. The electric vehicle producer reported ($3.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.40) by ($0.95). The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.30 billion. Tesla had a negative net margin of 18.77% and a negative return on equity of 40.72%. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.33) earnings per share. equities analysts forecast that Tesla will post -10.94 earnings per share for the current fiscal year.
In other news, VP Eric Branderiz sold 401 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $353.50, for a total transaction of $141,753.50. Following the completion of the transaction, the vice president now directly owns 1,248 shares in the company, valued at $441,168. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Elon Musk purchased 33,000 shares of the business’s stock in a transaction dated Monday, May 7th. The shares were acquired at an average price of $298.50 per share, with a total value of $9,850,500.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 3,728 shares of company stock valued at $1,172,762. Corporate insiders own 22.80% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Tesla by 20.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 895 shares of the electric vehicle producer’s stock valued at $279,000 after purchasing an additional 155 shares during the period. Essex Financial Services Inc. increased its position in shares of Tesla by 4.9% during the fourth quarter. Essex Financial Services Inc. now owns 3,549 shares of the electric vehicle producer’s stock valued at $1,105,000 after purchasing an additional 165 shares during the period. Global Financial Private Capital LLC increased its position in shares of Tesla by 4.5% during the first quarter. Global Financial Private Capital LLC now owns 3,952 shares of the electric vehicle producer’s stock valued at $1,052,000 after purchasing an additional 171 shares during the period. Hartland & Co. LLC increased its position in shares of Tesla by 11.2% during the fourth quarter. Hartland & Co. LLC now owns 1,712 shares of the electric vehicle producer’s stock valued at $533,000 after purchasing an additional 173 shares during the period. Finally, Vantage Investment Advisors LLC increased its position in shares of Tesla by 8.8% during the fourth quarter. Vantage Investment Advisors LLC now owns 2,170 shares of the electric vehicle producer’s stock valued at $676,000 after purchasing an additional 175 shares during the period. Institutional investors own 60.67% of the company’s stock.
Tesla Company Profile
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
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