Tesla’s (TSLA) Hold Rating Reaffirmed at Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. reiterated their hold rating on shares of Tesla Inc. (NASDAQ:TSLA) in a research note issued to investors on Thursday morning.

Other analysts have also issued reports about the stock. Sanford C. Bernstein set a $265.00 target price on shares of Tesla and gave the company a neutral rating in a research note on Wednesday, September 20th. Berenberg Bank reissued a buy rating on shares of Tesla in a research note on Thursday, August 3rd. Citigroup Inc. began coverage on shares of Tesla in a research note on Thursday, July 20th. They set a neutral rating and a $357.00 target price for the company. Vetr raised shares of Tesla from a hold rating to a buy rating and set a $372.51 target price for the company in a research note on Thursday, August 10th. Finally, Jefferies Group LLC began coverage on shares of Tesla in a research note on Tuesday, September 19th. They set an underperform rating and a $280.00 target price for the company. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company’s stock. Tesla presently has an average rating of Hold and a consensus price target of $330.28.

Shares of Tesla (NASDAQ TSLA) traded up $2.55 on Thursday, hitting $315.05. 13,727,536 shares of the stock were exchanged, compared to its average volume of 6,429,817. Tesla has a 1 year low of $180.00 and a 1 year high of $389.61. 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 issued its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($3.09) by $0.17. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The business’s revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. analysts predict that Tesla will post -11.38 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://transcriptdaily.com/2017/11/18/teslas-tsla-hold-rating-reaffirmed-at-oppenheimer-holdings-inc.html.

In other Tesla news, Director Stephen T. Jurvetson sold 44,777 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total value of $15,240,299.72. Following the sale, the director now owns 36,111 shares in the company, valued at approximately $12,290,739.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP John Douglas Field sold 600 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $301.60, for a total value of $180,960.00. Following the completion of the sale, the vice president now owns 21,424 shares in the company, valued at approximately $6,461,478.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,518 shares of company stock worth $18,819,611. Insiders own 23.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in TSLA. Wealthcare Advisory Partners LLC purchased a new position in shares of Tesla during the 3rd quarter valued at approximately $100,000. Mckinley Capital Management LLC Delaware purchased a new position in shares of Tesla during the 3rd quarter valued at approximately $106,000. Pittenger & Anderson Inc. lifted its position in shares of Tesla by 20.0% during the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after buying an additional 50 shares in the last quarter. Winfield Associates Inc. lifted its position in shares of Tesla by 85.2% during the 2nd quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock valued at $118,000 after buying an additional 150 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its position in shares of Tesla by 2.8% during the 2nd quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after buying an additional 9 shares in the last quarter. Institutional investors and hedge funds own 56.36% of the company’s stock.

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.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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

Leave a Reply