JPMorgan Chase & Co. Analysts Give Tesla (TSLA) a $190.00 Price Target

JPMorgan Chase & Co. set a $190.00 price target on Tesla (NASDAQ:TSLA) in a report issued on Thursday. The firm currently has a sell rating on the electric vehicle producer’s stock.

Several other research analysts also recently commented on TSLA. Vetr upgraded shares of Tesla from a strong sell rating to a sell rating and set a $320.97 price objective for the company in a research report on Friday, October 13th. Barclays restated a sell rating on shares of Tesla in a research report on Sunday, October 15th. Oppenheimer restated a hold rating on shares of Tesla in a research report on Monday, October 16th. Piper Jaffray Companies set a $386.00 price objective on shares of Tesla and gave the company a buy rating in a research report on Monday, October 16th. Finally, Zacks Investment Research downgraded shares of Tesla from a hold rating to a sell rating in a research report on Wednesday, October 18th. Twelve analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. Tesla has a consensus rating of Hold and an average price target of $322.32.

Tesla (NASDAQ TSLA) traded down $18.93 during midday trading on Thursday, hitting $296.30. 8,655,951 shares of the stock were exchanged, compared to its average volume of 5,730,000. Tesla has a 52 week low of $242.01 and a 52 week high of $389.61. The firm has a market capitalization of $50,190.00, a P/E ratio of -25.13 and a beta of 0.97. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66.

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

In related news, VP Eric Branderiz sold 801 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $354.58, for a total value of $284,018.58. Following the sale, the vice president now owns 1,287 shares of the company’s stock, valued at $456,344.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP John Douglas Field sold 1,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $334.87, for a total transaction of $334,870.00. Following the completion of the sale, the vice president now directly owns 20,128 shares in the company, valued at approximately $6,740,263.36. The disclosure for this sale can be found here. In the last three months, insiders sold 10,231 shares of company stock worth $3,292,431. 23.10% of the stock is currently owned by insiders.

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

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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)

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