Barclays set a $192.00 price target on Tesla (NASDAQ:TSLA) in a research note published on Tuesday morning, Stock Target Advisor reports. The firm currently has a sell rating on the electric vehicle producer’s stock.
Other equities research analysts also recently issued research reports about the company. Goldman Sachs Group reiterated a sell rating and set a $225.00 price objective on shares of Tesla in a research report on Tuesday, January 22nd. UBS Group reduced their target price on Tesla from $230.00 to $220.00 and set a sell rating for the company in a report on Tuesday, January 29th. JPMorgan Chase & Co. restated a sell rating and issued a $230.00 target price on shares of Tesla in a report on Tuesday, February 26th. Sanford C. Bernstein restated a neutral rating and issued a $325.00 target price on shares of Tesla in a report on Friday, March 29th. Finally, JMP Securities reduced their target price on Tesla from $394.00 to $374.00 and set a market outperform rating for the company in a report on Thursday, April 4th. Sixteen investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $303.47.
Shares of NASDAQ:TSLA opened at $211.03 on Tuesday. Tesla has a one year low of $208.92 and a one year high of $387.46. The firm has a market cap of $40.29 billion, a PE ratio of -36.89 and a beta of 0.27. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.83 and a quick ratio of 0.42.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, April 24th. The electric vehicle producer reported ($4.10) EPS for the quarter, missing analysts’ consensus estimates of ($2.51) by ($1.59). Tesla had a negative net margin of 4.29% and a negative return on equity of 18.23%. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter last year, the company posted ($3.35) EPS. Tesla’s revenue was up 33.2% on a year-over-year basis. On average, equities research analysts expect that Tesla will post -4.64 EPS for the current year.
In related news, insider Jeffrey B. Straubel sold 15,000 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $316.95, for a total transaction of $4,754,250.00. Following the completion of the sale, the insider now directly owns 321,398 shares in the company, valued at $101,867,096.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Antonio J. Gracias sold 16,780 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $275.92, for a total value of $4,629,937.60. Following the sale, the director now owns 8,728 shares of the company’s stock, valued at $2,408,229.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,560 shares of company stock valued at $21,772,906. 22.80% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Sontag Advisory LLC acquired a new position in Tesla during the fourth quarter worth $26,000. Alpha Windward LLC acquired a new position in Tesla during the fourth quarter worth $26,000. Gradient Investments LLC increased its position in Tesla by 1,660.0% during the fourth quarter. Gradient Investments LLC now owns 88 shares of the electric vehicle producer’s stock worth $29,000 after buying an additional 83 shares during the last quarter. Intercontinental Wealth Advisors LLC acquired a new position in Tesla during the fourth quarter worth $30,000. Finally, Mackey Komara & Dankovich LLC increased its position in Tesla by 493.3% during the first quarter. Mackey Komara & Dankovich LLC now owns 89 shares of the electric vehicle producer’s stock worth $25,000 after buying an additional 74 shares during the last quarter. Institutional investors and hedge funds own 59.71% 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, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
See Also: Intrinsic Value
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